EPC C Axed By Government

The Property Nomads Podcast

Rob discusses the recent scrapping of the new energy efficiency rules for rental properties in England, highlighting the impact this decision has on property portfolios and the rental market.

Rob explains that the implementation of energy efficiency rules created uncertainty and led to landlords selling off their properties, reducing the housing supply and contributing to rent increases. While the decision may mean that tenants will continue to rent properties with poor energy efficiency, it provides landlords with much-needed clarity and removes the burden of costly retrofitting.

KEY TAKEAWAYS

• The new energy efficiency rules for rental properties in England have been scrapped, which has a significant impact on portfolios moving forward.
• The implementation of EPCC ratings created uncertainty in the market and affected property investors' strategies and decisions.
• The cost of retrofitting older homes to meet energy efficiency standards, such as installing external wall insulation, was high and not always cost-effective.
• The uncertainty surrounding energy efficiency policy has been damaging to the supply of rented properties, leading to landlords selling off their portfolios and decreasing the housing supply.
• While the decision to scrap the legislation benefits landlords by removing uncertainty, it may result in tenants renting properties with poor energy efficiency for longer.

BEST MOMENTS

"The cost of getting them up to up to scratch, as in terms of EPC rating, could be quite high."

"The uncertainty surrounding energy efficiency policy has been hugely damaging to the supply of rented properties."

"Although it does mean that tenants could be renting properties with poor energy efficiency for longer."

"EPCC ratings have been scrapped for England. Good news for landlords, not necessarily the best news for tenants."

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

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