Shawbrook, the specialist UK savings, development finance, and bridging finance bank, has noted the challenges faced by landlords with the new rules on EPCs (Energy Performance Certificate) coming into force in 2025. Under these regulations, all properties with new tenancies will be required to have an EPC rating of C or above from 2025 and by 2028 this will apply to all rental properties. Writing in an article, Sales Director Emma Cox pointed out the difficulties this will bring for those that own older rental properties, as improving their energy efficiency may take considerable work. She also wrote that there has been little in the way of instruction given to landlords by the government in order to assist them with the necessary changes. However, lenders are now offering green mortgages to encourage landlords to make changes. Last month, Shawbrook published data from its Changing Face of Buy to Let Report, showing that landlords are already starting to improve the energy efficiency of their properties. These findings showed that 17% of landlords and 22% of portfolio landlords (those with 4 or more properties), have already taken steps to improve the energy efficiency of their property. This includes replacing boilers, heating systems and windows and also installing new white goods, all of which can positively impact the property’s EPC rating.
Shawbrook recently published its research findings, showing that UK landlords are planning to expand their portfolios in the coming year. 34% of UK landlords plan to purchase at least one additional property and 14% are now looking to purchase more properties than they had originally planned. from CMB https://commercial-mortgages-broker.co.uk/buy-to-let-news/shawbrook-notes-epc-challenges-faced-by-landlords/ from https://commercialmortgages2.tumblr.com/post/671816631001972736
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