Editor's note: This brief was summarised by The Property AI Newsroom from a report by The Negotiator. Read the original article for full details.
Landlords Warned Over EPC C Upgrade Deadline and Potential Fines
Nearly two thirds of landlords are unaware of the 2030 deadline to upgrade their properties to a minimum EPC C rating. New data shows that failing to meet this requirement could result in fines of up to £30,000.
According to The Negotiator, private landlords must ensure their properties reach at least an EPC band C by 2030. The article reports that landlords could be required to invest up to £15,000 per property to achieve this standard. Analysis by the NRLA found that the affordability threshold for these upgrades is £7,700.
A survey of 1,000 landlords by The Mortgage Works revealed that 62% of landlords do not know that having a valid EPC C rating is a legal requirement. The same survey found that 33.8% of privately rented homes in England currently do not meet the mandatory EPC C standard.
Mike Donaldson, Managing Director at Glevum Windows, highlighted that windows are often the first aspect assessed for EPC ratings. He noted that many landlords are still unclear about what is required and the potential costs involved, warning that installation lead times may increase as the deadline approaches.
The Government has been cautioned that landlords do not have unlimited funds to pay for energy efficiency upgrades. The NRLA has previously stated that research shows the current plans are “unviable” for most property investors.
These findings are particularly relevant for letting agents and inventory clerks, who may need to advise landlords on compliance and prepare for increased demand for property upgrades as the 2030 deadline approaches.
Source: The Negotiator