Research has found that some landlords are improving the energy performance of their properties even though it is no longer a potential legal requirement.
Keen landlords
Last year proposed regulations for all private rental properties to have a minimum EPC rating of C were shelved. However, 37% of portfolio landlords are still upgrading their properties to meet that standard1. In fact, nearly a third (32%) only own properties with a minimum rating of C.
What’s the timescale?
About 28% of landlords going ahead with work expect all their properties to have an EPC rating of C within one to two years. On the other hand, 17% think it could take them at least five years.
Not all enthusiasts
Some landlords were not so keen on making improvements, with 16% postponing work until legislation is potentially introduced. One in 10 said that the proposed regulations had no effect on their portfolio strategy.
The advantages
Regardless of whether it’s a legal requirement, there are many benefits to upgrading the EPC rating of a property. By improving the energy efficiency, the running costs of the property are reduced and the property’s value is likely to increase.
1Paragon Bank, 2024
As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments
