MINIMUM EPC RATING TO CHANGE IN 2025?

The Government is in current consultation to bring forward the change in EPC ratings from E to min ‘C’ from 2028 to 2025.

With climate change being a prominent factor in the news at the moment, the government is keen to do their bit.

From 2025 all new builds will be banned from putting in gas boilers to drive us away from gas as a carbon-based fuel. They are looking to replace these boilers with a heat source air pump.

The government introduced a ‘Green Homes Grant’ in September 2020, where they would pay two thirds of an invoice and the public paid one third with a cap of £5000. However, this was closed on 31st March 2021 due to various hitches and lack of skilled workforce. There is talk of them looking at another type of grant– let’s hope so!

Landlords will not be able to issue new tenancies unless their property is rated ‘C’, just like we did with the current system when they banned F and G ratings from the rental sector in April 2018.

The older the property, the more likely you are to be a D or E. I would highly recommend you looking at your current EPC and seeing if you have a potential rating of ‘C’ and what the recommendations are on how to achieve this.

If they insist on landlords upgrading properties to the pump system, this could have a negative impact on the rental sector as it just wouldn’t be affordable for many landlords and the return on investment could take several years to recoup! As they say, ‘watch this space’.

 

Have a good week!

Sharon Canning

 

If you would like a friendly, no obligation chat regarding buying, selling, renting or investing in property, then please email sharon@moveon.biz   or telephone 01202 711169.