Landlords must be energy efficient
- 28th January 2008
- Landlord Property News
Changes to the law mean Landlords must provide an Energy Performance Certificate by October 2008.
From 1st October, 2008, Landlords will have to ensure that their properties are as energy efficient as possible and provide prospective tenants with an Energy Performance Certificate. The EPC will last for ten years and rate a property’s energy performance along with suggestions on how to improve the energy efficiency of the property.
John Heron, managing director of the specialist buy-to-let mortgage provider, Paragon, is advising Landlords to get their house in order before October 1st. In his opinion: “If two properties are of a similar standard and rent level, then the tenant is likely to choose the property with the better energy efficiency”.
There are grants available to Landlords to improve the energy efficiency of their properties. These include: the Warm Front initiative, the Landlord Energy Saving Allowance and many local authorities have a range of initiatives on offer. To discover which grants are available Landlords should visit the Energy Saving Trust website.
The tenant is likely to choose the property with the better energy efficiency.
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