What is an EPC? Do I need one to rent out my property?
Before you can market a property for sale or let in the UK you must be able to provide your agent with a valid Energy Performance Certificate- commonly known as an EPC. An EPC provides information about the energy usage of the property and expected typical energy costs as well as recommendations for how to improve the energy efficiency of the property. The document must be completed by an accredited assessor who will complete a thorough visual inspection of the property before giving it a rating from A (most efficient) to G (least efficient). An EPC is currently valid for 10 years from the date it is completed. If you are selling or letting your property through ludlowthompson, we can arrange for the provision of an EPC on your behalf- just ask your representative.
There are currently no minimum energy efficiency requirements, however new legislation is being brought in from 1st April 2018 which will make it unlawful for tenancies to be granted to properties with lower than an 'E' grade energy efficiency rating. Although this legislation currently only applies to rented properties, the sales marketability of a property could be affected by a low energy efficiency rating, especially if targeting the buy-to-let market. It is therefore recommended that you review your Energy efficiency status early to take any necessary actions to improve the energy efficiency of your property prior to the 1st April deadline.
Should you need help and guidance on how to improve your property energy efficiency rating - please contact a ludlowthompson representative who will guide you
29th March 2016
DISCLAIMER: Neither ludlowthompson nor their ‘experts’ take any responsibility for any action or loss incurred by readers of these pages. The reader acts on advice at their own risk. Answers to questions are not exhaustive. Financial advice must always be sought from a professional financial adviser
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