You may recall we mentioned in a previous newsletter the government is stopping landlords from renting properties with an EPC rating of less than E.
This will start on 1st April and includes all new tenancies as well as any re-lets. What this means is that if your rental property is band F or below and the tenancy agreement is coming up for renewal you will have to make some fairly significant improvements in order to continue renting it.
What’s more if you are planning on purchasing a buy to let property which is below band E, your mortgage lender may well refuse to lend or may retain a portion of the loan until improvement works are carried out.
This begs the question, how long will it be before they change the rules on selling residential property as well?