Surely I am not the only landlord worried about new EPC requirements?9:44 AM, 17th February 2021
About A week ago 123
Scottish Government have issued a further consultation to mandate EPC Band C on all homeowner’s properties offered for sale or which undergo major renovation by 2024, 6 years ahead of the previous target of 2030.
The current average rating in Scotland is D61, being 9 SAP Points below the proposed threshold. This is in the context of a housing stock of around 2,464,000 where 58% are Band D and lower (2017 figures). In parallel with this consultation is the changes within the PRS of minimum Band E from Apr 2020 increasing to Band D in Apr 2022 (although the legislation not yet enacted!). Yet to be confirmed is a £5000 cost cap per EPC Band (so potentially a minimum £10k compulsory spend before exemption granted). So any private landlord considering selling due to hassle and cost of upgrades to meet PRS EPC Bands is likely forced to sell at rock bottom prices!
The consultation on Band C for homeowners is proposing a definition of cost effectiveness based on life of the improvement measure – which could be tens of years and thus some potential huge expenditure. 2024 is only 4 years away, so only a short window to attempt to influence the outcome. Attach link to the consultation paper, which although quite a lengthy response form is probably the only opportunity to temper the changes.
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