Two – third of landlords are still unaware of changing energy efficiency rules
Nine months remain until April 1st, 2018 where the new Minimum Energy Efficiency Standards Regulations will take effect, and two thirds of landlords with properties in England and Wales, are still lacking awareness of these standards.
New research shows that 25% of landlords do not know about the requirements of the new MEES regulations which will prevent them renewing existing tenancies or agreeing new lets if it does not meet minimum standards, while a further 42% admit to being “only vaguely aware” of the new rules.
27% of landlords do not even know the EPC rating of their property and almost 49% of landlords do not know the penalty for breaching the regulations, with 31% of those surveyed underestimating the penalty.
Mike Feely, energy efficiency expert at E.ON, commented: “Government housing data already shows that the private rented sector has the highest proportion of properties falling in the F and G bands, so it is vital landlords look into what they need to do before the regulations come into effect.
“Whether landlords have in the past been put off by the perceived hassle, expense, or their own lack of knowledge around the subject, the clock is definitely ticking on the need to improve properties. We know this can be a huge challenge for landlords so we’ve developed a range of services to give them the support they need, from online account management that allows landlords to better control their property portfolios through to a range of great value insulation and heating services to make rented properties more energy efficient.
“For landlords worried about the potential cost of upgrading properties, financial support may also be available through the Energy Company Obligation if tenants meet certain qualifying criteria, with funding potentially available from major energy companies such as E.ON for insulation and new heating measures.”