Majority of landlords agree with EPC proposal scrapping

Published on

Unsurprisingly, 74% of landlords welcome the government’s decision to scrap the proposal that all rental property must have an Energy Performance Certificate (EPC) rating of at least C by 2028.

The findings are in the latest Landbay landlord survey.

Slightly fewer landlords intend to make changes if it is not a legal requirement.

62% of landlords with lower rated property intend to upgrade to a C rating. Of these, 42% said they would make changes at some point in the future and 20% intend to upgrade as soon as possible.

25% said they will only make changes if legislation requires them to in the future, while 13% won’t do anything.

Compare this to before the EPC minimum requirement was scrapped, when more landlords (73%) said they intended to bring property up to a C rating. Within this, 39% would wait until nearer the previously proposed 2028 deadline and 34% planned to do so sooner.

The expense and difficulty of retro-fitting older properties is seen as the main barrier by landlords to upgrading property to meet the EPC C standard.

However, one in four landlords (26%) were not in favour of the removal of the EPC minimum requirements. They support the need for energy efficient housing as a social and environmental duty, so felt landlords should be improving the ratings on their property.

Rob Stanton, business development director at Landbay, said: “We applaud the sentiment around trying to improve the energy efficiency of buildings but we also need to be realistic. The UK has a vast amount of older housing that is difficult to retro-fit and will be expensive.

“Some landlords said they would be encouraged to update their property if there was more government help such as easy accessibility to grants. Over half of rental properties in the UK are D rated or lower so landlords now have some breathing space to plan without a looming deadline.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Swansea reports mortgage growth at AGM

Swansea Building Society has reported growth in assets, mortgages, savings and capital reserves for...

Wealthy Advisers Club draws more than 400 advisers to London conference

The Wealthy Advisers Club has held its latest flagship conference at Kensington Town Hall,...

CHL cuts buy-to-let rates by up to 25bps

CHL Mortgages has reduced rates across its short-term let and limited edition buy-to-let ranges. The...

Darlington cuts rates across buy-to-let and specialist ranges

Darlington Building Society has reduced mortgage rates by up to 50bps across its buy-to-let,...

HTB backs £2.4m Mitcham scheme

Hampshire Trust Bank has provided a £2.4m development finance facility for a mixed-use scheme in...

Latest publication

Other news

Portfolio landlords reshape buy-to-let market

Portfolio landlords are becoming increasingly central to the buy-to-let market as investors take a...

Supporting complex cases in a modern mortgage market

In today’s diverse mortgage landscape, brokers are working with a growing number of clients...

The Swansea reports mortgage growth at AGM

Swansea Building Society has reported growth in assets, mortgages, savings and capital reserves for...