Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
HMO Landlords Speed Up EPC Upgrades Ahead of Rule Changes
Research from Paragon Bank, as reported by Property118, indicates that HMO landlords are accelerating improvements to their properties in anticipation of tighter energy performance certificate (EPC) regulations. The report also notes that many landlords are shielding tenants from rising household bills.
According to the findings, two-thirds of HMOs owned by surveyed landlords have an EPC rating between A and C. The report contrasts this with the wider housing stock, where around half meets this standard.
For UK letting agents and inventory clerks, these developments highlight a trend among HMO landlords to proactively address energy efficiency requirements. The focus on EPC upgrades and tenant support may impact property management practices and tenant relations.
Source: Property118