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LANDLORDS SHOULD REASSESS EPC'S IMPACT

Tuesday, 29th November, 2016

Residential landlords would be well advised to take the 10-year anniversary of the introduction of the Energy Performance Certificate (EPC) as a spur to get their properties properly reassessed, says Lisa Simons at Carter Jonas.

Intended to last for a decade and required  before homes could be sold or let, EPCs have taken on more significance since they became a guiding factor in whether or not a home could be let.  Originally part of the Home Information Pack (HIP), the EPC survived when the HIP requirement was abandoned in 2010.

The more recent Minimum Energy Efficient Standards (MEES) mean that from April, 2018, it will be difficult, but not impossible, to let a property with an Energy Efficiency Standard on its EPC below band E.  Exemptions can be registered but are subject to re-application every five years, with no certainty that this regime will continue.

"With that in mind, it could be beneficial to review the EPC for your property even if you are not yet required to replace the original purchased 10 years ago."

"Particularly where a property is Band F or G, but also for those with a low score in Band E, having a new EPC assessment could make all the difference between 10 years of worry - free letting and the stress of not knowing whether or not an exemption granted in time for April, 2018, will be renewable in 2023."





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