All Rental properties to be EPC assessed at C by 2030
Just to let everyone know that by 2030 all rental properties will need to be assessed at c or better by 2030. The government think that it will cost a Landlord just over £6,000 to meet this although they will cap expenditure at £15, 000. So especially if you have a few properties my recommendation is to start saving to get the work done rather than be faced with big bill in the next 5 years! If you have properties that may be hard to get to a C assessment then perhaps the time is right to consider your plans for the property while you are still able to serve a S21 or alternatively you can wait and use a S8 after the RRB comes but remember there is a proposal that you are unable to rent it out for 12 months if you struggle to sell and want to put it back on the market! So my advice to all Landlords is check your latest report and if it is C or less look at what could be done to improve it. The reason I include a C assessment is that the Government are tinkering with the algorithm and something that was a C could be a D or E with the new algorithm so no one has any certainty. Especially as Assessors seem unable to offer any sound concrete advice on what you need to do to meet improve the rating! The Government will be bringing out a consultation on this which I would encourage every Landlord to respond to when it comes out. I will post details when they are known. The full article can be found on the link below. Rayner and Miliband start EPC clampdown on landlords - Landlord Today