9:43 AM, 15th June 2022, About 2 years ago
The proposed new Energy Performance Certificate (EPC) regulations will mean that from 2025, landlords cannot rent their property on a new tenancy without an EPC rating of C or above. It is proposed that the penalty for not having a valid EPC, will be increased from £5,000 to £30,000.
In order to achieve this, many properties will require: Double Glazing, Loft Insulation, Wall Insulation, Boiler Replacement
Many of our clients are now using the Refurbishment Buy to Let product as a solution. This product gives the flexibility of bridging finance, with the surety of an exit onto a Buy to Let Mortgage. This has the following benefits:
Rightmove conducted a survey at the end of last year and showed that owners who upgraded their EPC to C from D, E or F rating have gained as much as 16% in the value of their property. On the average asking price of £344,445, this means that this could increase the value by £55,111.
With recent energy price increases of 54% and a further predicted rise of 40%, tenants are becoming more and more demanding with regard to the energy efficiency of their rental properties.
Many of our clients are also using this product to:
Contact us today to see how we can help you.