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An update on Energy Performance Certificates (EPCs)

If you’re a buy to let investor in England or Wales then these new changes will impact you. The Government is cracking down on the coldest privately rented homes. This crackdown began in April but new measures have been announced that will lead to landlords needing to contribute to the cost of upgrades.

If you’re looking to put a rental property on the market in 2019 with an Energy Performance Certificate rating of either F or G (the lowest ratings available) then these properties must be made warmer! The average cost of these improvements are thought to be around the £1200 mark however each property will be different.

The changes will benefit both households and the environment. The average household is expected to save £180 whilst the environment will benefit from reduced carbon emissions. It’s not all bad news for landlords as these improvements will help to increase the value of their properties.

Energy and Clean Growth Minister Claire Perry says: “While the vast majority of landlords take great pride in the properties they own, a minority still rent out housing that is difficult to keep warm. Upgrading these homes so they are more energy efficient is one of the most effective ways to tackle fuel poverty and help bring down bills for their tenants, saving them £180 a year.”

You can find out more about Energy Performance Certificates by visiting the Government’s website: CLICK HERE