Millions of properties could potentially become ‘unrentable’ and therefore ‘unsellable’ or ‘unmortgageable’ due to the number of landlords being unaware of what will be required by 2025. In particular, older properties may need a substantial amount of work in order to gain an EPC rating of C or above, which may mean a loss of income whilst the work in carried out. 36% of landlords surveyed had pre-1940 properties, indicating a large number of landlords who will be required to make changes. In total, 25% of the landlords had little to no knowledge of these future regulation changes. Those who have been renting properties for more than a decade had the least knowledge about the upcoming changes.
At the close of last year, Emma Cox, Sales Director at Shawbrook Bank, noted the challenges faced by landlords with the new rules on EPCs. Emma pointed out the difficulties this will bring for those that own older rental properties, as improving their energy efficiency may take considerable work. from CMB https://commercial-mortgages-broker.co.uk/buy-to-let-news/shawbrook-data-shows-15-of-landlords-unaware-of-upcoming-epc-changes/ from https://commercialmortgages2.tumblr.com/post/673277539877355520
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