The UK government has confirmed that all rental properties in the private sector must achieve an Energy Performance Certificate (EPC) rating of ‘C’ or above by 2030. This mandate is part of the broader push to improve energy efficiency and reduce carbon emissions. However, as an estate agent in Lancaster, it’s clear that many landlords face challenges in meeting these new standards.
The Current Landscape
Recent data reveals that over two-thirds (67%) of landlords currently own at least one property that falls short of the proposed EPC ‘C’ rating. While 92% of landlords report some level of awareness about these requirements, only 67% fully understand the specific details. The implications of these changes are significant, particularly for older properties that may require more extensive upgrades.
Action Plans and Challenges
Encouragingly, 42% of landlords intend to make the necessary improvements to comply with the new rules. However, with less than seven years to meet the deadline, many may face logistical and financial hurdles, especially in areas like Lancaster, where historic and character properties are prevalent.
Why This Matters
- Regulatory Compliance: Non-compliance could lead to penalties or difficulties renting out properties in the future.
- Tenant Appeal: Energy-efficient homes are increasingly desirable for tenants, offering reduced energy bills and better comfort.
- Market Value: Properties with higher EPC ratings often command better market prices and rental yields.
Supporting Landlords in Lancaster and Morecambe
As your trusted and award winning estate agent, we can provide tailored advice to help you navigate these requirements. From identifying cost-effective upgrades to connecting you with local tradespeople and energy assessors, we are here to ensure your properties meet the EPC ‘C’ target with minimal disruption.
The 2030 deadline is closer than it seems. Start planning now to secure your property’s future in the rental market.
If you need any help/advice on this, please get in touch. You can call me on 01524 843322 or email me at josh@jdg.co.uk.
Thanks for reading
Josh
