The Struggle of Landlords to Comply with New EPC Rules
Introduction: The new Energy Performance Certificate (EPC) rules, introduced in April 2021, have put a lot of pressure on landlords. The regulations now require rental properties to have a minimum C rating, and landlords are struggling to comply with the new rules. In this blog, we will explore the reasons why landlords are finding it difficult to comply and bear the costs associated with the necessary upgrades.
Reasons for Struggle: One of the main reasons for the struggle is the cost associated with the necessary upgrades. Some landlords may have to invest in new boilers, insulation, or double-glazed windows to meet the minimum C rating. These upgrades can be expensive, especially for landlords who own multiple properties. The cost of upgrading several properties can be too high for some landlords, especially those with limited resources.
Another reason for the struggle is the lack of availability of tradespeople. The pandemic has caused a shortage of skilled tradespeople, and this has made it difficult for landlords to find someone to carry out the necessary upgrades. The shortage has also led to an increase in the cost of tradespeople, further adding to the financial burden on landlords.
Impact on Landlords: The new EPC rules have a significant impact on landlords, particularly those with older properties. Properties that were built before 1990 are more likely to require extensive upgrades to meet the minimum C rating. Landlords who fail to comply with the new rules may face financial penalties or even legal action. They may also struggle to find tenants who are willing to rent properties with lower EPC ratings.
Possible Solutions: One possible solution for landlords is to apply for funding to help with the necessary upgrades. The government has introduced a Green Homes Grant scheme, which provides funding for energy-efficient upgrades. However, the scheme has been criticized for being too complex, and some landlords have found it difficult to access the funding.
Another solution is to work with an experienced property management company. These companies can help landlords to identify the necessary upgrades and find tradespeople to carry out the work. They can also advise on funding options and provide ongoing support to ensure compliance with the new rules.
Conclusion: The new EPC rules have put a lot of pressure on landlords to comply with the minimum C rating requirement. The cost of necessary upgrades and the shortage of skilled tradespeople are significant challenges that landlords are facing. To comply with the new rules, landlords may need to invest in energy-efficient upgrades, seek funding options, and work with experienced property management companies. By taking these steps, landlords can ensure compliance with the new rules and provide comfortable and energy-efficient homes for their tenants.