Buy-to-let (BTL) portfolio landlords are more likely to be aware of the government’s proposed Energy Performance Certificate (EPC) requirements than non-portfolio landlords, new research from Landbay has indicated.
From 2025, all rental properties with new tenancies must have an EPC rating of at least C and for existing tenants, landlords must comply by 2028.
Landbay’s survey found that 80% of BTL portfolio landlords with 10 or more properties, and 70% of those with four to 10 properties, are aware of the government’s EPC requirements. However, just 54% of non-portfolio landlords with one to three properties knew about the proposals.
When asked about upgrading their property to reach the required minimum EPC rating of C, most landlords said they would wait until 2025 to carry out necessary work. Landbay also found that more than a third of larger landlords (35%) with 10 or more properties were willing to upgrade sooner but only 20% of smaller portfolio and non-portfolio landlords said the same.
Landbay managing director, intermediaries, Paul Brett, commented: “It is not surprising that most professional landlords are aware of the EPC rating changes that are due to start in 2025. BTL investment is their business, and most are hands-on landlords.
“However, awareness among smaller landlords is much lower and although they have another four years to make any upgrades to properties, they should really know what is coming down the line.
“With an uptick in remortgaging due this year, brokers should take the opportunity to ask their landlord clients if they are aware of these new EPC rules. Clients will appreciate their broker showing an interest in them beyond just the mortgage by demonstrating a wider knowledge of the BTL market.”
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