We know being a landlord is a challenging task, and there is a lot of work involved. We know many landlords are looking for assistance and guidance in complying with regulations.
At the start of 2020, landlords in England had more than 150 regulations to comply with. Also, these regulations are updated on a frequent basis, so staying in touch with these matters is often a full-time task.
One of the most pressing matters, in recent years, for landlords has been regulations relating to the Energy Performance Certificate. You need to have an EPC to let rental property, and your rental accommodation must meet certain standards.
Have you kept in touch with EPC regulations?
However, it appears as though the Government is looking to change these regulations.
On September 30th, the Government initiated a consultation process looking for opinions on a range of policy proposals.
They intend to maintain their commitment to upgrading the private rental sector in England and Wales to Band C of the Energy Performance Certificate by 2030.
The Government claims this process will offer huge benefits to tenants, landlords and the environment.
The proposals are as follows:
All new tenancies from 1 April 2025 and all existing tenancies by 1 April 2028 will have to meet band C or higher on an EPC
Landlords will be required to have a valid EPC in place at all times while a property is let
Landlords will be required to install ‘fabric first’ measures e.g. insulation
Landlords will be encouraged to support the uptake of smart meters
Tenants will be able to request improvements and redress where a property does not meet the requirements
Landlords will be required to provide an EPC prior to a property being advertised
Many leading names in the industry have spoken out about this matter
Meera Chindooroy, the Deputy Director of Policy at The National Residential Landlords Association (NRLA) has called for more financial support for landlords. Meera said; “Whatever the outcome of the consultation – it closes on December 30, so any new laws likely won’t be passed before the end of March next year – the direction of travel is clear. Landlords must accelerate the upgrade of their properties. We have consistently called for further funding to be made available to the sector to encourage landlords to go above and beyond the legal minimum.”
Timothy Douglas is the Association of Residential Letting Agents (ARLA Propertymark) Policy and Campaigns Manager, and he said; “On the face of it these proposals simply do not take into account the state of the UK's housing stock. We all want to see more energy efficient homes, but the new rules and requirements must be realistic and achievable. Landlords and their letting agents are already taking the brunt of tax changes and many are providing support to tenants with Covid-related arrears.”
Timothy concluded by saying; “A simplified [EPC] exemptions regime and additional financial support must be made available otherwise the measures in their current form, will not be achievable and that would mean further reductions in the supply of rented accommodation available.”
We offer a range of letting services to landlords in Essex and Hertfordshire, including tailored options which ensure you receive the best support at all times. If you would like to arrange an appointment to help you negotiate the local buy-to-let market, please contact Intercounty today by calling us on 01279 713750 or emailing us at email@example.com.