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Landlords: Improve your homes energy efficiency

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Published: 17/08/2016   Last Updated: 17/08/2016 18:35:06   Tags: Landlords Improve Your Homes Energy Efficiency

According to a new report 330,000 buy-to-let landlords will be required to pay ‘green tax’ to make their properties more energy efficient. The report by The Telegraph suggests that landlords will soon need to start paying upfront for energy saving improvements such as insulation, cavity wall filing and new boilers as from 2018.

As from 2018 Landlords will be required to improve the energy efficiency ratings of their homes from F and G to E and D, which means that any rental property which currently falls under the higher energy bands will require major work in order to bring it under new legislation.

The properties which are most likely to be effected by the new changes are from the Victorian and Edwardian era, as these properties are renowned for being less energy efficient than homes built in more recent years.

Richard Jones, from the Residential Landlords association has stated that unless the government make more funding available to landlords that it will be the tenant who loses out as they will just pass on the cost of the changes to their tenants.

If you are trying to keep up-to-date with the new changes to energy efficiency rating in your rental properties why not call our team on 0208 946100 or pop into your local branch for a coffee and a chat.