From 1 April 2018 there will be a legal requirement for any properties rented out in the private sector to have a minimum energy performance rating of E on an Energy Performance Certificate (EPC).
The landlord of any property that doesn’t meet the minimum E rating required could face a penalty of up to £5,000.
The regulation will apply to new lets and renewals of tenancies with effect that take place on or after the 1 April 2018 and it will apply to all existing tenancies from 1 April 2020.
Although this might seem like a long time away, it is only eight months and your property could require extensive or time-consuming work. It could also work out more expensive if you leave it to the last minute.
You can find out information on your property and its EPC rating using this link. Just enter your postcode and search for your address. In addition you can read the official government guidance on the issue here.
If you have any questions about this, whether you're planning on investing in buy to let or you have existing tenants, the team here at Outlet would be happy to help. You can call us on 020 7287 4244 to discuss your energy rating as well as property management, sales, lettings or even Lets with Pets.