Parkmans Concerned Landlords are Unprepared for new Energy Efficiency Measures
Parkmans are concerned many landlords are not ready for new energy efficiency measures which were introduced at the beginning of this month – 1 April 2018.
Fines of up to £4,000 can be issued from the beginning of April to landlords that are found to be renting out new lets with an Energy Performance Certificate (EPC) rating below E. The rules will apply to all rental properties from 2020.
Charlotte Burles Corbett, Manager of Parkmans said, “These new measures ensure tenants have better quality and better insulated homes, as every buy-to-let will be minimum EPC rated E – but there are thousands of landlords who aren’t ready for the deadline. While the number of properties which are EPC rated F or G has fallen dramatically from 700,000 in 2012 to 300,000 today, many landlords are yet to prepare their properties for the new laws.
“We have ensured the rental properties we manage, and all of our landlords, are ready for these changes to energy efficiency legislation. As these measures are for new lets and renewals we have prioritised making sure these properties are compliant. We have also already started working with our existing clients on improving any ratings that are currently below E.”
Charlotte continued, “These new measures mean landlords will either face a hefty fine of up to £4,000 or lose money on empty properties which cannot be let until they meet the standards. Either way, it’s another kick in the teeth for hard-working landlords, and tenants looking to find affordable accommodation.”
Parkmans has over 50 years of experience as specialist Estate & Letting Agents, Property Managers and Insurance Brokers in south east Wales. The company is one of the oldest and best respected in its field, as well as being the largest and busiest practice in the Valleys.
If you would like Parkmans to help you manage your rental property please contact the Abercarn, Blackwood or Cardiff Bay office. Email: firstname.lastname@example.org or telephone: 01495 224444.