The Government has recently announced plans to require all rented residential properties to have an Energy Performance Certificate (EPC) rating of ‘C’ or above from 2028. The changes are being considered as part of the Governments’ ‘Mission Zero’ to reduce greenhouse gas emissions by 100% by 2050.
Whilst the changes have not yet been implemented, it is important landlords are aware of the proposals. At present, rental properties only require an EPC rating of ‘E’ or above and, if the new legislation comes into force, landlords will need to consider the level of work necessary to bring the rating in line with the proposed legislation. For older properties, this could involve significant works and it is estimated that a significant number of landlords will be required to make changes.
If landlord’s do not undertake the necessary changes, a property could be deemed as unrentable or unsellable resulting in a potential loss of income until remedial action is taken and failing to meet the deadline for EPC compliance could result in landlords facing a fine.
The decision is currently still under government consultation and the official response is set to be published in ‘due course’. Keep an eye out on our website and social media pages and we will keep you updated!
