Dark Mode Light Mode

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Follow Us
Follow Us

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use

The real estate industry warns the Energy Minister about the impending minimum EPC

The real estate industry told Energy Minister Miatta Fanbure (pictured) that it was “seriously interested” about the workers' plans to force landlords, other players within the private rental sector to reach EPC Band C by 2030.

Comments occurred during a face-to-face roundtable discussion. There, it was emphasized that landlords must pay up to £15,000 to achieve the looming minimum EPC level.

Advertisement

The conference focuses on barriers to these planning and raises many serious issues both by the National Association of Residential Landlords (NRLA) and other major organisations in the private rental sector.

The landlords' membership group reports that these include the “irrational” or “unrealistic” nature of the 2030 deadline, the lack of certainty as to how the EPC is calculated, and what landlords need to do to meet the revised target, a lack of skilled traders, and uncertainty regarding enforcement.

The NRLA also sought incentives from the government, such as improving tax efficiency for landlords who carry out the work, suggesting that certain improvements would be treated as tax revenue/acceptable costs, and the Minister agreed to discuss with the Ministry of Finance.

This was a positive opportunity for us to engage directly with the Minister. ”

Chris Norris
Chris Norris, NRLA policy director

“We've been working hard to get the better of our customers,” said Chris Norris, NRLA policy director, who attended the meeting.

“Deadlines are only effective if they are reasonably achievable, and with around 2.5 million rental homes currently being scored as DGs on the EPC, it is clear that they are not currently on the table. Even if the improvements are fully funded and started tomorrow, there are no merchants to carry out the work.

“If we fail to reach the 2030 deadline, pulling thousands, if not tens of thousands of homes from the rental market will have a devastating impact on tenant supply and affordability.


Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Add a comment Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

Skipton's proven loan NETS has been in the £200 million application since launch

Next Post

The landlord's "exit" persuades the town of Northern to suspend the licensing plan

Advertisement