9:05 AM, 20th March 2025, About 9 months ago 17
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A video by the NRLA reveals that 5,000 retrofits would need to be completed every working day to meet EPC C targets.
The Energy Secretary, Ed Miliband, has announced that all private rented properties must meet Energy Performance Certificate (EPC) targets by 2030, with a stricter deadline of 2028 for new tenancies.
The NRLA warns that this leaves landlords just three and a half years to comply, potentially costing them thousands of pounds to upgrade their properties.
The government claims tenants will save £240 a year on their energy bills under the new EPC C requirements. However, the government fails to mention the cost to landlords and tenants.
According to the NRLA, landlords would need to spend an average of £6,100 to £6,800 per property to meet these energy targets.
Research suggests upgrading the entire private rented sector could cost over £20 billion, with many of these costs being passed down to tenants through rent increases.
Even if landlords recoup just half of the cost over 10 years, tenants could see rents increase by £300 a year, which is more than the £240 they’re expected to save on energy bills.
Elsewhere in the video, the NRLA says the court backlog continues to grow.
According to the NRLA, there were more than 24,000 claims for possession from landlords in the last quarter of 2024, a 3% rise compared to 2023.
The time it takes from claim to repossession has also increased by 25 weeks.
The NRLA warns that the Renters’ Rights Bill will only increase pressure on the court system and points to a survey from NRLA members, which reveals that 70% of members cited issues with court-based possessions as a key factor in determining what rents they will charge in the future.
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Suicide Jockey
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Member Since October 2023 - Comments: 22
9:42 AM, 20th March 2025, About 9 months ago
Well any landlord with common sense does not run a business just to lose money. The yearly energy savings to the tenant is definitely going to be wiped out by increasing rents too cover the cost of upgrading properties to the Nut Zero EPC policy. I don’t even think that thick politicians would want to run a business and lose money, unless of course your a Labour one, because they can’t grasp the idea of how business works !
roger radford
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Member Since August 2017 - Comments: 22
10:14 AM, 20th March 2025, About 9 months ago
And where are required number of qualified engineers going to come from to retrofit those properties? Plenty of cowboys are already lining up and rubbing their hands with glee. Expect carnage to ensue.
David
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Member Since April 2018 - Comments: 196
10:52 AM, 20th March 2025, About 9 months ago
Reply to the comment left by roger radford at 20/03/2025 – 10:14
valid point re cowboys , the government ( Miliband) doesn’t care , that’s the landlord’s problem . We have already seen disasters caused by them with grant aided home improvements. I do wonder how much further rents can rise to cover an endless steam of harebrained government ideas but once corporate landlords take over completely tenants will get a hell of a shock.Then I doubt government will be so sympathetic towards their beloved tenants.
LaLo
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Member Since October 2019 - Comments: 365
11:06 AM, 20th March 2025, About 9 months ago
I think it’s 2010 for existing tenants – 2008 for new tenants so may as well hold on till just before it comes in then get quit! Court backlog = homelessness deferred errr!
moneymanager
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Member Since February 2018 - Comments: 609
11:15 AM, 20th March 2025, About 9 months ago
Policy is working perfectly,, impossible targets will see tens of thousands of older rural properties becoming unlettable with mass migration, coralling, into cities, the loss of lettability will see mass financial loss by owners, ‘You will own nothing’ dovetailing neatly with farm destroying inheritance tax with land being picked up at a song for solar farms instead of food. All crazy of course which it is. We have to recognise that we are at war with the cabal of central banking expressing itself through technocratic corporatism, we can’t expect top down policy change, we have to fight it at grass roots level, one mind at a time and that time is now.
NewYorkie
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Member Since October 2013 - Comments: 1553 - Articles: 3
11:40 AM, 20th March 2025, About 9 months ago
A £240 saving on energy bills which will have already increased by far more by 2030. Also, inflation will have taken its toll.
Hopefully, looney red Ed won’t be in power in 2030, and the Net Zero scam will be dumped, but assuming the rule stays, what happens when thousands of landlords can’t or won’t improve their EPC?
Reluctant Landlord
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Member Since September 2018 - Comments: 3334 - Articles: 5
12:05 PM, 20th March 2025, About 9 months ago
they wont be in by then so I’m not worried about this at all and the whole NZ scam will be seen for what it is well before then.
The push to get everyone using EV is going so well already….isn’t it….
No one has the money to fund this government NZ folly.
Paul Essex
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Member Since June 2019 - Comments: 647
12:35 PM, 20th March 2025, About 9 months ago
Reply to the comment left by LaLo at 20/03/2025 – 11:06
You may be living in the past!
Mick Roberts
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Member Since June 2013 - Comments: 3187 - Articles: 79
14:19 PM, 20th March 2025, About 9 months ago
More updates since my retrofit. Tenant moved out yesterday, couldn’t get her small double bed in half down the stairs, due the new insulated wall bottom of stairs.
Miliband needs to come & see what it’s like in real life.
My video rant to Ed Miliband after journalists asked for my response.
https://photos.app.goo.gl/PEQJiMyGoXvbT91k7
GlanACC
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Member Since March 2023 - Comments: 1421
16:10 PM, 20th March 2025, About 9 months ago
Actually, its worse than it looks as a lot of landlords (including me) won’t even think about upgrading to EPC C until we know the new way it is going to be measures – so that means 2027 at the earliest