A webinar is being staged to advise landlords on government proposals that from 2025 all newly rented residential properties will be required to have an EPC rating of C or above.
Despite this deadline being three years away, some property experts are advising landlords to act now due to the lack of skilled labour in the market, the increasing cost of materials and the increasing cost of borrowing. Some lenders are incentivising landlords to make these refurbishments now by discounting borrowing rates for properties rated EPC C or above.
Newable Finance brokerage is hosting an EPC panel discussion, which will take place on Wednesday September 28 at 11am.
Brian Love, head of regional broking at Newable Finance, will be hosting the one-hour panel, live on Zoom. Other panellists include Daniel Standing, regional development manager at Shawbrook Bank; lawyer Amanda Early, a senior associate at Birketts LLP; Alec Chohan, senior finance broker at Newable Finance; the chief operating officer of CEC Energy Aaron Lewis’ and RICS member Richard Kirby, director of Anderson Wilde & Harris.
Expect to discuss what the new legislation is and how it affects landlords, the impact on property sales for landlords, what steps landlords can take to refurbish their homes and what improvements are going to make the most impact. Finally, the panel will discuss why landlords should act now, and not wait until 2024.
The one-hour virtual panel is free to attend; you can register here.
Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions.
If any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals, then the post may be deleted and the individual immediately banned from posting in future.
Please help us by reporting comments you consider to be unduly offensive so we can review and take action if necessary. Thank you.
.png)
Join the conversation
Jump to latest comment and add your reply
It's still only a proposal.
The algorithm is supposed to be tweaked later this year.
So until we know exactly what is required this webinar seems a bit premature.
It seems to me there are more important issues for our new PM to deal with at present and inflicting more pain on the PRS when it is already in crisis does not feel like a vote winning action to me!
If the deadlines of 2025 & 2028 are still going to be implemented the law needs to be passed sooner rather than later - I just can't see it becoming law in the proposed timescale.
Tricia- Totally agree, Liz has bigger fish 🐠 to fry, my decision is set anyhow, if it comes in then I am out, I don’t need advice on improvements as I will leave that to the FTB’ers who will purchase the places 👍🏻
I listened to podcast on EPCs from NRLA other day. Said it will probably be postponed and even then they are proposing maximum spend changes based on rental income and price of the property. I will sit it out and wait for confirmation and if numbers don’t stack evict to sell.
I'm doing nothing, if and when I have an empty property that I'm not allowed to rent I will decide whether to spend the money or sell.
I'm doing nothing. There will be no more newly rented for me. Once a tenant leaves I will be selling. End of story.
I've been adopting your policy for the last two years. Just got two properties coming empty that would be uneconomical to make into a C so they going on the market. Took 30 years to build a large portfolio and now dismantling it.
Cn someone please clarify what is meant by “newly rented properties”
Does it mean that if a property was being rented prior to this legislation (if it happens) then it’s classed as an existing rented property rather than new and therefore exempt? Or does it mean that from the date of inception, even existing rented properties will come under the proposed legislation as soon as one tenancy ends and another begins?
Not sure how this is implemented when town planning won’t give permission for you to upgrade your windows. It is absolutely ridiculous!
Please login to comment