Hot Stuff - more landlords prioritise energy efficiency when buying

Gibbo.........?!?!? where are you ??? Still rolling easter eggs with your Nuair 3000 deluxe

If I were buying a rental - and I'm not - I would only buy a property that was or could easily be an EPC C. Its just a sensible precaution as a Govt will bring this in eventually, so why buy a problem?

😂 Another April fools joke which has been posted ⏰ late. I am NOT prioritising energy or investing….. My top priority is SELL SELL SELL 💵🏝💵🏝

Few landlords would be daft enough to be buying anything at the moment, most are selling to FTB

Neither I nor my tenants have ever paid any attention to the EPC.

If I were buying now, which I am not, although not selling either, I would be wary of low EPC properties but only through concerns about future rental viability.

Incidentally, in the good old days before Government interference in energy pricing, when astute consumers could get decent fixed price deals, I always found outgoing tenants were on the highest variable tariffs because they couldn't be bothered shopping around.

Now we've all been levelled up to the same high tariffs with very little opportunity to get better fixed rates.

It’s simple, ramp up the EPC lower the supply of available housing.

Robert. The Problem is you need an EPC Certificate to apply for a HMO License currently some Councils charge you a higher fee for a poor EPC.
Next year you’ll need a “ C” to apply for a Licence, the screw is tightening.

Neither I nor my tenants have ever paid any attention to the EPC.

However, if I were to buy now, which I won't (although no intention of selling either) I would now think about the EPC but ONLY because of the added risk if it's below C.

My tenants however still NEVER ask and

Obviously its going to affect sellers far more than buyers they’ll be taking a hit to cover the cost of the up grade, so if general public are voting for HMO Licensing to despise Landlords it will affect them as well.
Before you even think of sitting down to make your HMO Application you’ll need your EPC Certificate, 5 year DEICR, your Fire Alarm interlinked Certificate, Emergency lighting Certificate, Gas Service and Annual Cert’. Fire Risk Assessment Report (cost me £220.) but you won’t have those if you haven’t done the work. Have all self-closing Fire Doors complete with suitable frames / stops & smoke seals, Euro lock thumbscrew inside on each door. Fire blanket in kitchens + fire extinguisher and on all levels. Fire escape hinges on window in each room + keyless restrictors. Stupid exit signs as if they didn’t know the way out and they living there (if you went up the stairs then you come the stairs). Monoxide Detectors where required. Some Boroughs ask for your Tenancy Agreements, before it was a 16 page paper Application I didn’t have a problem with that but now Sublet to Soft Ware nightmare Company all digital that take a lot longer to do and over a year for them to issue the license instead of the 4 months it used to take.
Anyway you have nothing better to do and have you £1’650.00 fee ready.
This is nothing to do with running your day to day business, dealing with Tenants, Contracts, General Maintenance, paying Bill fee goods and Services. What about the Mortgage dealing lender, Accounts tax matters etc.
Some Boroughs now say you can’t let without a license and charge you double C/tax on vacant while waiting or else a repayment Order