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TODAY'S OTHER NEWS

New EPC rating retriever for landlords launched by Mortgages for Business

A new tool that enables landlords to get an instant EPC rating on their rental properties has been launched by Mortgages for Business.

The new tool will provide landlords with a starting point for compliance in light of the fact that from 1st April 2018, residential landlords will not be able to grant a tenancy to either new or existing tenants if the property’s EPC rating is F or G.

From 1st April 2020, if there is a tenant already in situ, it will become illegal for residential landlords to continue letting the property out if the EPC has a rating of F or G.

Commenting on the launch of the new tool, which is available on the homepage of Mortgages for Business’ website for landlords, Steve Olejnik, COO of Mortgages for Business, said: “Simply put – no EPC, no buy-to-let mortgage. For this reason, it is important to us that our landlord clients understand how the new EPC rules will affect them.

“We wanted to create a tool that would allow landlords to find out their property’s position instantly, giving them time to make amendments if necessary.”

Supporting the launch, Mortgages for Business is holding a free, 30-minute webinar today (Wednesday 28th February) at 1pm for landlords who would like more information on the new rules and how they might affect borrowing.

This webinar will also cover the new guidance for mandatory HMO licensing and minimum room sizes.

To sign up to attend email marketing@mortgagesforbusiness.co.uk.

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