From 1 April, the rules on EPC ratings are changing so it’s important that all landlords know in advance how it will affect them.
It will be against the law in England and Wales for landlords to grant a new tenancy to either new or existing tenants if their property doesn’t have an Energy Performance Certificate rating of ‘E’ or above.
How will it affect new clients?
Lenders will no longer lend on properties that fall below an ‘E’ rating unless the landlord has a valid exemption. These changes apply from 15 March
How will it affect existing clients?
If a privately rented property falls below the minimum EPC rating, the landlord will need to carry out ‘relevant energy efficiency improvements’ to bring it up to an ‘E’ or above. They may be able to obtain Green Deal finance to do this or the property may qualify for an exemption.