42% of landlords unaware of upcoming EPC regulation change

How much will it cost landlords to improve their EPC rating?

If a property has an EPC certificate of E, improvements to make the property at least a C are estimated to be around £4,700 according to the Government. The older the property, the greater the cost as older properties tend to require a lot more work and are usually less energy efficient compared to new properties.

Failing to meet the new requirements in 2025 can lead to landlords being fined £30,000.

What work can be done to improve EPC ratings?

• Insulate the roof, walls and floor

• Invest in double or triple glazed windows – most properties already have double glazed windows however, those older properties that you may have converted could still have single glazed windows.
• Upgrade the boiler – probably one of the biggest improvements that you could do to improve your EPC rating. Adding in a new energy efficient boiler can increase your EPC rating by 40 points. For example, if you’re currently on the low scale of an E, replacing your boiler can boost you to a C rating, just on the edge of the B rating.

• Invest in renewable energy sources such as solar panels – As well as improving your energy performance, more people are looking into solar panels to help with the increasing energy bills.

• Switch to energy efficient lighting – A simple switch from halogen light bulbs to LED lights will save you money in the long run as LED bulbs last longer but will also lower your monthly energy bill.
• Seal open chimneys- if the chimney isn’t being used, sealing it will help prevent draughts and keep the property warmer.

What are the benefits of improving your EPC?

As well as meeting the new regulations and avoiding any hefty fines, it can also lower energy bills, improve your property value, lower your carbon footprint and reduced maintenance.

With energy bills increasing, it’s important to lower your energy consumption especially if you rent out your property with bills included. However, if your tenants pay their own bills, your property may become more attractive to rent than other properties with a worse EPC score.

Funding for EPC Property Improvements

With the average work costing £4,700 for one property, if you have more than one property, you may find yourself needing capital to meet the new regulation.

Instead of paying for the work upfront, you can use a finance facility to cover the cost of work whilst preserving your cashflow. There’s a range of options available such as Bridging Loans and Business Loans – we’re confident that we will be able to find the finance solution to meet your needs. Call us on 01270 443510 or complete our contact form and we’ll be in touch with you as soon as possible to discuss your requirements. 

Leasing Finance To Purchase Furniture?

Did you know that you can use leasing finance to purchase furniture for your rental property? Choosing to go down the furniture leasing finance route can preserve your cashflow and you’ll be able to furnish your property with high quality furniture with affordable installments. To find out more about, don’t hesitate to get in touch with our team.

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