Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Government Pledges Support for Landlords on EPC Upgrade Costs
The government has stated that financial support is available to landlords to help them meet Energy Performance Certificate (EPC) targets. In response to a written parliamentary question, the government also indicated an intention to expand the availability of private finance options for landlords working to achieve energy-efficiency standards.
According to the report, all private rented properties will be required to meet EPC C targets. The government claims that support measures are in place to assist landlords with the costs associated with these upgrades.
This announcement is particularly relevant for UK letting agents and inventory clerks, as the requirement for all private rented properties to meet EPC C standards will impact property management and compliance checks. The expansion of private finance options may also affect how landlords approach property improvements and budgeting for energy efficiency.
Letting agents and inventory clerks should be aware of these developments, as they may influence conversations with landlords regarding property standards and future lettings.
Source: Property118