Landlords say government’s EPC C target by 2030 is ‘impossible’

As the UK government pushes ahead with its plan to require all rental properties to achieve an EPC rating of C by 2030, a growing number of landlords are sounding the alarm.

According to a survey by Landwood Group, a staggering 95% of respondents believe the target is impossible to meet.

And, it says, it is seeing a surge in landlords wanting to auction their properties – these include single homes and large portfolios.

The firm of national chartered surveyors and auctioneers warns that the energy performance certificate proposals are unrealistic but could also damage the private rented sector (PRS).

With some of the oldest housing stock in Europe, the UK’s landlords face significant challenges in upgrading their properties to meet the new standard.

‘So-called ‘green’ initiative’

Mark Bailey, a partner at Landwood Group, said: “This so-called ‘green’ initiative might look good on paper, but it’s built on shaky foundations.

“The focus on improving modern social housing, overlooks the vast majority of Britain’s private rental properties which are ageing and would require significant, costly upgrades to meet the EPC C standard.”

He adds: “For many, achieving this rating is not just challenging; it’s nearly impossible without substantial financial investment.

“Previously, government subsidies helped with upgrades like heat pumps and insulation.

“Now, landlords have little choice but to sell or raise rents to cover these high costs.”

Landlords are forced out of the market

Mr Baily continued: “The consequences for renters are clear. As landlords are forced out of the market, tenants will face fewer housing options and higher rental prices.

“Energy efficiency is certainly important, especially in light of rising energy costs.

“But what use is energy efficiency if people can’t afford a place to live?”

He adds: “The government needs to address the housing crisis before imposing such stringent requirements.

“As it stands, this policy risks doing more harm than good.”