Landlords ‘given longer’ to meet deadline for EPC changes
A new target date of 2028 for landlords to achieve an EPC C rating has been set by the Government, according to the Daily Telegraph.
Landlords are set to be given an extra three years to meet the Government’s EPC rating targets, it has been reported.
It appears ministers have listened to lettings industry leaders warning that a deadline of 2025 was unrealistic.
Now, the deadline for new lettings to have a minimum C rating is going to be 2028, and this date will apply to all lettings, according to the Daily Telegraph.
Previously, The Neg reported warnings that landlords will be forced out of the market, especially when faced with fines of up to £30,000 for non-complicance.
Jason Davies, owner of Davies Properties based in Keighley, West Yorkshire, predicted a “mass exodus of landlords” from PRS if the Government stuck to its original plans.
Trade body Propertymark and the NRLA suggested the 2025 target date was unworkable, and had lobbied the Government hard to make it later.
A maximum spend cap for landlords making improvements to properties is expected to be set at £10,000.
Source:thenegotiator.co.uk