Will you need to spend an extra £5000 to make your rental property legal?
From 2018, the legal requirement for all privately rented properties in England and Wales will be to have an EPC rating of E or above.
Government officials have estimated it could cost landlords between £1,800 and £5,000 to bring energy-inefficient properties up to an EPC rating of E.
Properties with EPC ratings of F and G will be progressively banned from the market. The first properties to be affected will be those with new tenancies. The band E requirement will be extended to existing residential tenancies as from April 1, 2020.
The Residential Landlords Association estimates that a total of 330,000 rental homes in England and Wales are likely to be affected.