LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Details on higher EPC ratings for PRS a long way off, admits energy minister – LandlordZONE

Mark Helprin by Mark Helprin
June 23, 2023
in Real Estate
Details on higher EPC ratings for PRS a long way off, admits energy minister – LandlordZONE
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

The elephants in the room that could trample the Housing Minister’s ambition – London Wallet

What is currently happening in the UK property market? – London Wallet

The goldfish myth: Why we don’t have shorter attention spans, just higher standards – London Wallet

Landlords are to wait many more months to find out the details of Government proposals to raise the minimum Energy Performance Certificate for rented properties.

Energy minister Andrew Bowie (main picture) has admitted during a Lords debate that progress has been slow after the launch of the Government’s consultation in September 2020 on his Government’s proposals to require all rented properties to reach the new minimum standard.

This is expected to be a ‘C’ rating with a cut-off date for compliance in 2028, and a cost cap of approximately £10,000 for landlords, with exemptions.

£10,000 is the figure over which Ministers may decide landlords can apply for an exemption because the expense would make rental properties uneconomic to upgrade.

Summary

Bailey revealed that only a summary of responses to the consultation is due this year, indicating that new regulations are a long way off – meaning if legislation lands next year, it will have taken the Government four years to act.

Justifying the delay, Bailey said: “We are continuing to refine the policy design to ensure that the costs and circumstances relating to energy efficiency improvements are fair and proportionate for landlords and tenants.

“The economic headwinds that have been buffeting us, and the changing circumstances in the private rented sector in particular, have made it difficult at the minute, but as I said, we will be publishing our response — a summary of responses, anyway — this year.”

Energy Bill

His comments came during a debate in the Lords during which the shadow energy minister Alan Whitehead attempted to force the Government’s hand by introducing two clauses into the ongoing Energy Bill, introducing into it many of the consultation’s key proposals – but these were not voted through.

But the debate highlighted many of the challenges that landlords will face once the proposals become law for the PRS, including regular and mandatory inspections by councils to police the new EPC rules, fines of up to £15,000 for non-compliance but also exemptions such as properties within Conservation Areas.

Read the consultation.

Subscribe here for the latest landlord news and receive tips from industry experts:



Source link

Share30Tweet19
Previous Post

CarMax stock leaps toward a 9-month high after big profit beat, sales that fell less than forecast

Next Post

Fisker stock gains as EV maker makes initial 22 deliveries of its Fisker Ocean SUV

Mark Helprin

Mark Helprin

Recommended For You

The elephants in the room that could trample the Housing Minister’s ambition – London Wallet
Real Estate

The elephants in the room that could trample the Housing Minister’s ambition – London Wallet

October 10, 2025
What is currently happening in the UK property market? – London Wallet
Real Estate

What is currently happening in the UK property market? – London Wallet

October 10, 2025
The goldfish myth: Why we don’t have shorter attention spans, just higher standards – London Wallet
Real Estate

The goldfish myth: Why we don’t have shorter attention spans, just higher standards – London Wallet

October 10, 2025
Tories pledge reform of Welsh version of stamp duty – London Wallet
Real Estate

Tories pledge reform of Welsh version of stamp duty – London Wallet

October 10, 2025
Next Post
Fisker stock gains as EV maker makes initial 22 deliveries of its Fisker Ocean SUV

Fisker stock gains as EV maker makes initial 22 deliveries of its Fisker Ocean SUV

Related News

Bitcoin trader says BTC’s cycle top in 5K to 0K range if certain conditions are met

Bitcoin trader says BTC’s cycle top in $125K to $150K range if certain conditions are met

May 1, 2025
Estate agency launches referral public-facing app to boost leads – London Wallet

Estate agency launches referral public-facing app to boost leads – London Wallet

November 28, 2023
M&S expected to reveal impact of cyber attack disruption

M&S expected to reveal impact of cyber attack disruption

May 21, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?