Landlords 'unaware' of new energy efficiency regs

clock

More than half of all landlords are unaware of new energy efficiency requirements for rental property, due to come into force in October, according to Paragon Mortgages.

Paragon says landlord are risking fines for failing to comply with the new legislation, and will be unable to market their rental property until they comply. A survey of landlords found 55% do not know they will need to provide prospective tenants with an Energy Performance Certificate (EPC) from 1 October. Many were also unaware of financial aid available from the Government to improve the energy efficiency of rental property. Almost 90% of landlords had not heard of the Landlord Energy Saving Allowance, which allows landlords to claim up to £1,500 on their tax return against the cost of...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read