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1 in 19 Leicester Properties Will be Illegal to Rent from April 2018

Property Market News

1 in 19 Leicester Properties Will be Illegal to Rent from April 2018

Are you prepared with your Leicester Property for the EPC (Energy Performance Certificate) Changes?

As the winter months draw in and the temperature starts to drop, keeping one’s home warm is vital. Yet, with the price of gas and electricity rising quicker than a Saturn V rocket and gas, oil and electricity taking on average 4.4% of a typical Brit’s pay packet (and for those Brit’s with the lowest 10% of incomes, that rockets to an eye watering 9.7%), whether you are a tenant or homeowner, keeping your energy costs as low as possible is vital for the household budget and the environment as a whole.

For the last 10 years, every private rental property must have an Energy-Performance- Certi cate (EPC) rating. The property is given an energy rating, very similar to those on washing machines and fridges with the rainbow coloured graph, of between A to G (A being the most ef cient and G the worst). New legislation comes in to force next spring (2018) for English and Welsh private landlords making it illegal
to let a property that does not meet a certain energy rating. After the 1st of April next year, any new tenant moving into a private rented property or an existing tenant renewing their tenancy must have property with an energy performance rating of E or above on the property’s EPC and the new law will apply for all prevailing tenancies in the spring of 2020.

After April 2018, if a landlord lets a property in the ‘F’ and ‘G’ ratings (i.e. those properties with the worst energy ratings) Trading Standards could fine the landlord up to £4,000.

If you are a looking to sell, buy or a landlord or thinking of becoming a landlord for the first time, and you want to read more articles like this about the Leicester Property Market, exclusive access to Landlord & Investor Insights, together with regular postings on what I consider the best buy to let deals in Leicester visit www.LeicesterPropertyBlog.com

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My name is Luke St Clair, If you would like to chat about the Leicester Property Market, whether you are a buyer, seller, landlord or tenant – then give me a call or email me. Just drop me a call on 07917 899 495 or email me at luke.stclair@knightsbridge-estates.co.uk



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