Does your rental property hit the energy performance mark?

In this article we look at the forthcoming changes to EPC's and what this means to Landlords and Mortgage Lenders.

Government targets state that by the end of 2025 new lets will require an Energy Performance Certificate (EPC) rating of band C or above.
Just over half (51%) of all rental properties let out over the last 12 months had an EPC of band C or above, virtually unchanged on the previous 12 months.
Mortgage lenders have new requirements too. They must ensure that the average performance of their domestic portfolios is at least EPC band C, by 31 Dec 2030.
Landlords will not be expected to pay more than £3,500 +VAT on energy efficiency improvements.
Source: Dataloft Rental Market Analytics (DRMA), UK Government – tenancies started 12 months to Feb 2022

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Percentage Change in the Private Rental Sector in the last 40 years

Private renting has grown across every UK region over the last 40 years, but the scale and pace are often misunderstood. This graphic shows how uneven that growth has been, shaped largely by the decline in social housing. Understanding this shift helps explain today’s housing balance and the choices ahead.

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