No Letting Go explains the impact of proposed 2025 EPC regulations on landlords

The property inventory management franchise recently shared a blog discussing current regulations and the changes that the proposed regulations will cause.

As No Letting Go explained in this blog, current regulations state that “all domestic and commercial properties for rent need to have an Energy Performance Certificate (EPC) confirming the property’s energy efficiency”, and every property being let needs an EPC rating of E or above, on a scale from A (most efficient) to G (least efficient). After ten years, landlords only have to renew their certificates when they relet to a new tenant. So, what’s going to change? According to the property management franchise, New EPC regulations excepted to come in during 2022:

• Are part of the government’s drive towards achieving “net-zero carbon targets” and “greater energy efficiency in homes”
• Will require all newly rented properties to have EPCs rating them at Band C or above from December 31st, 2025
• Will require all existing tenancies to achieve this same standard by December 31st, 2025
• Will raise the fine amount for an invalid EPC from £5,000 to £30,000

This will evidently impact landlords, as two-thirds of homes in the private rental sector currently have an energy rating of D or below. No Letting Go cited a recent study that suggested that landlords think it will cost an average of £10,400 per property to “deliver the energy efficacy required”, meaning this is an expense landlords should be planning ahead for, understanding it will take time to implement without disrupting tenants.

In the words of No Letting Go, “With the potential for more regulations requiring further investment from landlords, now more than ever, it’s essential to protect your investment by looking after your property and ensuring that it’s well maintained. Regular property inspections and building good relations with your tenants keep your property an attractive proposition on the rental market, spread the cost of improving energy efficiency, and ensure you get a return on your investments.” Find out more about No Letting Go, and a potential franchise investment with the brand, via its profile page (linked above).