Last September, proposed regulations for all private rental properties to have a minimum EPC rating of C were shelved, but research indicates that 37% of portfolio landlords intend to go ahead and improve the energy performance of their properties anyway. [1]<\/p>\n
Some already upgraded<\/strong> The legislation would have required all landlords to upgrade their EPC rating by 2028, but some property owners already meet that standard. The report, which surveyed nearly 400 landlords who have at least four rental properties, found that almost a third (32%) of respondents only own properties with an EPC rating of C or above.<\/p>\n The road to improvement<\/strong> Of the landlords who are carrying on with improvements, 28% expect that it will take one to two years for all their properties to hit a C rating. Meanwhile, 17% believe it could be five years before they have completed the work.<\/p>\n Others less committed despite the benefits<\/strong> Not everyone is so keen on making upgrades if it is not a legal requirement; 16% of landlords surveyed have paused their plans until legislation is introduced. In fact, one in 10 said their portfolio strategy was unaffected by the proposed regulations. However, there are many advantages to upgrading the energy efficiency of a property, even if it is not mandatory. Monthly utility bills are likely to be cheaper, plus there is a high chance that the property will increase in value.<\/p>\n [1] Paragon Bank, 2024<\/p>\n \ud83d\udea8 Data accurate as of the date of publication \u201302.08.2024<\/p>\n \ud83d\udea8Information within this blog is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed.<\/p>\n \ud83d\udea8Think carefully before securing debts against your home.\u00a0 Your home may be repossessed if you do not keep up repayments on your mortgage.<\/p>\n \ud83d\udea8 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.<\/p>\n <\/p>\n Source: Quilter Financial Planning \u2013 Essentially Mortgages Q3 2024<\/p>\n","protected":false},"excerpt":{"rendered":" Last September, proposed regulations for all private rental properties to have a minimum EPC rating of C were shelved, but research indicates that 37% of portfolio landlords intend to go ahead and improve the energy performance of their properties anyway. [1] Some already upgraded The legislation would have required all landlords to upgrade their EPC […]<\/p>\n","protected":false},"author":3,"featured_media":2146,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n