Most Popular
1. THE INFLATION MONSTER is Forecasting RECESSION - Nadeem_Walayat
2.Why APPLE Could CRASH the Stock Market! - Nadeem_Walayat
3.The Stocks Stealth BEAR Market - Nadeem_Walayat
4.Inflation, Commodities and Interest Rates : Paradigm Shifts in Macrotrends - Rambus_Chartology
5.Stock Market in the Eye of the Storm, Visualising AI Tech Stocks Buying Levels - Nadeem_Walayat
6.AI Tech Stocks Earnings BloodBath Buying Opportunity - Nadeem_Walayat
7.PPT HALTS STOCK MARKET CRASH ahead of Fed May Interest Rate Hike Meeting - Nadeem_Walayat
8.50 Small Cap Growth Stocks Analysis to CAPITALISE on the Stock Market Inflation -Nadeem_Walayat
10.Apple and Microsoft Nuts Are About to CRACK and Send Stock Market Sharply Lower - Nadeem_Walayat
Last 7 days
Qualcom Stock Market Harbinger - 12th Aug 22
Apple Exec Gets World's 1st iPhone 14 for Daughters 14th Birthday Surprise Present Unboxing! - 12th Aug 22
Steps to remember while playing live roulette online - 12th Aug 22
China Bank Run Protests - Another Potential Tiananmen Square Massacre? - 11th Aug 22
Silver Coin Premiums – Another Collapse? - 11th Aug 22
Gold-to-Silver Ratio Heading Lower – Setup Like 1989-03 - 11th Aug 22
Severe Stocks Bear Market: Will You Be Among the Prepared 1.5%? - 11th Aug 22
There's a Hole in My Bucket Dear Liza, UK Summer Heatwave Plants Watering Problem Song - 11th Aug 22
Why PEAK INFLATION is a RED HERRING! Prepare for a Decade Long Cost of Living Crisis - 9th Aug 22
FREETRADE Want to LEND My Shares to Short Sellers! - 8th Aug 22
Stock Market Unclosed Gap - 8th Aug 22
The End Game for Silver Shenanigans... - 8th Aug 22er
WARNING Corsair MP600 NVME2 M2 SSD Are Prone to Failure Can Prevent Systems From Booting - 8th Aug 22
Elliott Waves: Your "Rhyme & Reason" to Mainstream Stock Market Opinions - 6th Aug 22
COST OF LIVING CRISIS NIGHTMARE - Expect High INFLATION for whole of this DECADE! - 6th Aug 22
Recession Is Good for Gold, but a Crisis Would Be Even Better - 5th Aug 22
Stock Market Rallying On Slowly Thinning Air - 5th Aug 22
Stock Market Trend Pattren 2022 Forecast Current State - 4th Aug 22
Should We Be Prepared For An Aggressive U.S. Fed In The Future? - 4th Aug 22
Will the S&P 500 Stock Market Index Go the Way of Meme Stocks? - 4th Aug 22
Stock Market Another Upswing Attempt - 4th Aug 22
What is our Real Economic and Financial Prognosis? - 4th Aug 22
The REAL Stocks Bear Market of 2022 - 3rd Aug 22
The ‘Wishful Thinking’ Fed Is Anything But ‘Neutral’ - 3rd Aug 22
Don’t Be Misled by Gold’s Recent Upswing - 3rd Aug 22
Aluminum, Copper, Zinc: The 3 Horsemen of the Upcoming "Econocalypse" - 31st July 22
Gold Stocks’ Rally Autumn 2022 - 31st July 22
US Fed Is Battling Excess Global Capital – Which Is Creating Inflation - 31st July 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

The Challenges on the Horizon for UK Landlords

Housing-Market / Buy to Let Jul 29, 2022 - 08:15 PM GMT

By: Boris_Dzhingarov


Climate change – it’s a phrase we’ve heard all too often in recent months, years, and decades. The UK government has begun to action aspects of its manifesto towards tackling the problem and as a result, there are stricter regulations coming into play that will begin to effect landlords across the country. With such changes in the not-too-distant future, many landlords might already start worrying about the cost. Fortunately, companies like Propp specialise in finding the best finance for any given property, especially short-term funding agreements that will assist in covering the costs incurred of getting a property to the standard it needs to be to meet upcoming laws and policies.

Improving the EPC Rating of a Property

An EPC Rating, or Energy Performance Certificate, is more than just a multicoloured bar chart that you keep in the airing cupboard with the boiler. An EPC rating summarises the energy efficiency of a building and categorises it between the letters A (very efficient) to G (Inefficient). In times gone by, this might only have helped a person if they wanted to keep energy costs low or if they were an ecowarrior concerned with the carbon footprint of their accommodation. However, under new government guidelines, from the year 2025, landlords will not be allowed to rent out their properties to new tenancies unless the building has an EPC rating of C or above. That’s only three years to make considerable changes! The anticipated costs of achieving such a rating are expected to reach upwards of £10,000 per property therefore it poses as a serious challenge to the rental market, to landlords and tenants alike. Landlords will be required to fork out the money for the changes and most likely the expense will be reflected in the rising cost of the rental charge to the tenant.

The Key is in Knowledge

It’s time for landlords to educate themselves in regard to the efficiency of their property. Worryingly, 25 per cent of landlords are not even aware of what their property’s current EPC rating is, despite how easy it is to find. 15 per cent of landlords acknowledged they were not aware of these upcoming changes and 20 per cent admitted that they didn’t know how much the needed work would cost them. Those who did know guessed it would cost around £5,000 to make the needed efficiency changes however, as rising costs are seen across all industries, the figure is likely to come out a lot higher. In addition to these rising costs, nearly half of all properties will need to be vacated before the improvements can be made meaning that tenants will need to find alternative accommodation. Although this is not the responsibility of the landlord, it will undoubtedly result in an extended period of experiencing both a loss of income as well as increased costs. The cost of living is threat to everyone anyway and these factors will only make the job of a landlord even more challenging.

Evidently, more needs to be done to make landlords aware of their responsibilities and how these responsibilities are soon to change in the imminent future. Being a landlord is a challenging role and is not an undertaking that everyone would be prepared to go through, so if an individual has survived as a landlord in the challenging market up until this point, they are clearly made of a strong kind of metal. With that kind of resilience, the right information and the financial funding needed, a property can be improved successfully to reach government guidelines and continue as a source of income for years to come.

By Boris Dzhingarov

© 2022 Copyright Boris Dzhingarov - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in