How has this changed?
Under the original plans issued by the energy and housing divisions of government, buy to let investors would have to ensure that ultimately all their properties have a minimum EPC rating of C, rather than the current E. This would come into effect from April 2025 for new tenancies and from April 2028 for existing tenancies.
Speculation has been growing that the dates would change with all investors having until 2028 to raise the ratings where necessary.
What happens if these new legislations aren’t met?
Ministers are considering a scheme to fine landlords if the fail to upgrade properties to a minimum band C. This fine could be up to £30,000.
Source: www.lettingagenttoday.co.uk
