The UK government recently announced proposals which will demand all homes and business meet strict new energy efficient standards in a bid to reduce energy consumption, lower costs on bills, and protect the environment.
Housing Minister, Chris Pincher, revealed the plans on 19th January, which demand all new tenancies from 1st April 2025 — and pre-existing tenancies by 1st April 2028 — meet band C or higher on the Energy Performance Certificate (EPC). The scheme will also require all lettings agents to comply by only advertising — and letting — properties that adhere to the guidelines.
An EPC is a report which assesses the energy efficiency of a property and suggests ways it can be improved. In 2019, the average energy efficiency score for new flats and houses in England and Wales was within band B, with a score of 83. In contrast, the average mark for existing flats was band C — and band D for existing homes.
The announcement has prompted mixed reactions among the property industry, as many are concerned that the tighter restrictions are unrealistic and, because many of the privately rented dwellings in the UK would need significant investment to make the necessary improvements, it would put a strain on the landlord community, therefore reducing the number of houses available to rent.
The Green Homes Grant scheme — launched by the UK Government — will fund up to two thirds of the total cost for home improvements up to £5,000. To qualify for the grant, landlords must redeem a voucher and then ensure all upgrades are completed by 31st March 2022.
For further advice about how these new regulations will affect you, please get in touch with one of the Applegate team. As always, we are deeply committed to providing a smooth stress-free experience for each of our customers and would be happy to help with any queries.