New research from BTL lender Shawbrook shows that nearly a third of landlords will need to upgrade their rental properties to an EPC rating of C or above by 2030. Seeking financial support.
government cash 
The survey found that 29% of landlords said the targets set by the New Labor government could not be achieved without government support. If your property is in a deprived area or has low-income tenants, landlords can already receive up to £30,000 for a single property and £15,000 for subsequent properties through the Warm Homes: Local Grant scheme. We provide support.
The cost of refurbishment is a key concern, with a further 16% saying they would struggle to afford it and a quarter (25%) planning to sell a property that requires refurbishment. did.
However, some landlords have already started investing in properties before the new regulations are introduced.
22% said they had already upgraded a property currently rated C or above.
This must be achieved with government and industry support. ”
Professional portfolio landlords are most likely to have made improvements.
A quarter of landlords with four or more properties in their portfolio do so, compared to 17% of landlords with one to three properties.
Overall, the new EPC regulations are causing significant concern among landlords, with more than three-quarters (78%) saying they are concerned, and a quarter of them saying they are very concerned. I am answering.
Emma Cox, MD of Shawbrook's property division (main image, inset), commented: However, this must be achieved with government and industry support. ”
Labor also promised to upgrade the EPC system.
