filmov
tv
How to Get an EPC C Rating
Показать описание
It looks like EPC changes may be delayed until 2028. But by then your rental property will need to achieve an EPC rating of C. So how do you do that?
In this video, John will reveal a great method that landlords can use to make sure their rental properties achieve an EPC rating of C or above.
𝗪𝗛𝗔𝗧'𝗦 𝗖𝗛𝗔𝗡𝗚𝗘𝗗?
Well, originally the Government stated that:
1. New tenancies must have an EPC rating of C by December 2025; and
2. All rented properties must have an EPC rating of C by December 2028.
However, after much lobbying by landlords, the 2025 deadline looks like being scrapped. If that's the case the new legislation will probably say that:
ALL rental properties will need an EPC rating of A-C by 2028.
In many respects, this is good news for landlords, but… there is a BUT!
In the original proposals, there was a £3,500 cap on expenditure. This meant that if a landlord spent that amount on thermal upgrades and the property still didn't reach an EPC C, they would still be able to let it.
However, this is now subject to change.
More time to make necessary thermal changes will also mean a higher cap on expenditure. And there is talk of the maximum spend now being £10,000. So, essentially, landlords would be expected to pay up to £10,000 to make their property more energy efficient and achieve that milestone C rating.
So what can landlords do about these proposed EPC rental changes?
Well, as with most things it's best to have a plan…
𝗠𝗔𝗞𝗜𝗡𝗚 𝗔 𝗣𝗟𝗔𝗡
At the time of making this video (2023) there are still 5 years before the proposed EPC rental changes would take place.
So you have time.
One idea may be to spread the cost of change. If, for example, your EPC Assessor has suggested four things you need to do to reach an EPC C rating, you could make one change per year rather than do everything at once.
If you decide that the best option is to sell your property/properties, just be wary of Capital Gains Tax – especially if you have a property portfolio.
For more information on the changing EPC regulations, visit our website:
#epc #energyefficiency #landlords
____________________________________________________________________
Subscribe to HYPE TV for:
⚫️ PROPERTY INVESTMENT KNOWLEDGE
⚫️ PROPERTY REFURBISHMENT TIPS (WE'RE HMO SPECIALISTS)
⚫️ BUILDING PROJECTS
⚫️ ADVICE FROM BUILDING EXPERTS
Call 01782 930043
We're not just passionate about property, we're HYPE
In this video, John will reveal a great method that landlords can use to make sure their rental properties achieve an EPC rating of C or above.
𝗪𝗛𝗔𝗧'𝗦 𝗖𝗛𝗔𝗡𝗚𝗘𝗗?
Well, originally the Government stated that:
1. New tenancies must have an EPC rating of C by December 2025; and
2. All rented properties must have an EPC rating of C by December 2028.
However, after much lobbying by landlords, the 2025 deadline looks like being scrapped. If that's the case the new legislation will probably say that:
ALL rental properties will need an EPC rating of A-C by 2028.
In many respects, this is good news for landlords, but… there is a BUT!
In the original proposals, there was a £3,500 cap on expenditure. This meant that if a landlord spent that amount on thermal upgrades and the property still didn't reach an EPC C, they would still be able to let it.
However, this is now subject to change.
More time to make necessary thermal changes will also mean a higher cap on expenditure. And there is talk of the maximum spend now being £10,000. So, essentially, landlords would be expected to pay up to £10,000 to make their property more energy efficient and achieve that milestone C rating.
So what can landlords do about these proposed EPC rental changes?
Well, as with most things it's best to have a plan…
𝗠𝗔𝗞𝗜𝗡𝗚 𝗔 𝗣𝗟𝗔𝗡
At the time of making this video (2023) there are still 5 years before the proposed EPC rental changes would take place.
So you have time.
One idea may be to spread the cost of change. If, for example, your EPC Assessor has suggested four things you need to do to reach an EPC C rating, you could make one change per year rather than do everything at once.
If you decide that the best option is to sell your property/properties, just be wary of Capital Gains Tax – especially if you have a property portfolio.
For more information on the changing EPC regulations, visit our website:
#epc #energyefficiency #landlords
____________________________________________________________________
Subscribe to HYPE TV for:
⚫️ PROPERTY INVESTMENT KNOWLEDGE
⚫️ PROPERTY REFURBISHMENT TIPS (WE'RE HMO SPECIALISTS)
⚫️ BUILDING PROJECTS
⚫️ ADVICE FROM BUILDING EXPERTS
Call 01782 930043
We're not just passionate about property, we're HYPE
Комментарии