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Retrieve the EPC rating for your BTL property

From 1st April 2018, residential landlords will not be able to grant a tenancy to either new or existing tenants if the property’s EPC rating is F or G. From 1st April 2020, If there is a tenant already in situ, it will become illegal for residential landlords to continue letting the property out if the EPC has a rating of F or G!

We have created a tool which allows landlords to instantly retrieve the EPC rating on their buy to let property. This can be found on the homepage of our website.

 

What is an EPC?

An Energy Performance Certificate (EPC) gives a property a rating from A (most efficient) to G (least efficient). The certificate includes information on current energy use, typical costs and recommendations on how to reduce these. A property requires an EPC whenever it is built, sold or rented. An EPC is valid for 10 years.

 

Want to download your full EPC?
Our tool allows landlords to see the existing EPC rating on a specific property (where published). If you would like to download the full report you will need to visit the gov.uk

 

New Rules
Currently residential landlords must have an Energy Performance Certificate when renting a property to tenants. From April 1st 2018, landlords will be unable to grant a tenancy to either new or existing tenants if the property’s EPC rating is F or G. If the tenant is already has an existing tenancy contract, landlords have until 1 April 2020 to ensure the property has an EPC rating of A to E. Local authorities can enforce landlords to comply and issue fines up to £5k per property for non-compliance.

 

Why are the new EPC rules being introduced?
Properties with EPC ratings of F-G waste energy, imposing unnecessary costs on tenants. Requiring rented properties to have EPC ratings of A-E will reduce greenhouse gas emissions, improve the property’s energy efficiency, reduce longer term maintenance costs, impose less financial burden on renters and be more attractive to renters. 

 

Are any rental properties exempt from these new rules?
Several types of property are exempt including:

  • Holiday accommodation that is rented out for < 4 months pa or let under licence to occupy
  • Residential buildings intended to be used <4 months pa 
  • Listed buildings (get advice from your local authority)
  • Temporary buildings that will be used for <2 years

 Please check Gov.uk for a full list of exempt properties.

 

How do the new EPC rules benefit landlords?

  • Increase in tenant satisfaction
  • Could reduce void periods
  • Reduce long-term maintenance costs
  • Increase rental appeal
  • Increase landlords’ chances of being approved for a buy to let mortgage

 

Any questions?

If you have a question around this topic, please call our expert consultants on 0345 345 6788. We look forward to helping you. Thank you. 

NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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