Poor energy ratings will bite you.
I blogged at the beginning of the year about the Energy Act 2011 and the changes contained in that Act from April 2018 that will impact property. After April 2018 it will be unlawful to let either residential or commercial property with an EPC (Energy Performance Certificate) rating of F or G – the 2 lowest grades.
It seems as though there will be no let-up in these requirements and the drive for ever more energy efficient property will continue.
The sustainability policy is setting these regulation thresholds that will be required from 2018 non-domestic buildings that are built, let or sold, to have an EPC with a rating of E as a minimum. If not, the landlord must make improvements before the move can go ahead.
From April 2023 there will be a regulatory backstop when all properties must meet the standard. For domestic properties, the standard will apply to new lettings from 1 April 2018, and the regulatory backstop from 2020.
This will not be a simple case of landlords ‘fixing a bit of draught excluder’ either, it will mean that substantial works may be required.
The earlier that property owners assess the energy efficiency of their property portfolio the better.
Planning well ahead and programming any necessary works is the advice we are giving our clients.
For more information on construction and energy efficiency please contact one of the building surveyors on 0121 4559455.