A new survey of landlords has revealed a gap between the amount that they are willing to spend to meet EPC requirements and what it will actually likely cost.
The survey, carried out on behalf of Paragon Bank, found that over three-quarters of landlords, or 77%, are willing to pay up to £3,000 to upgrade each property they own to an EPC rating of ‘C’ in order to meet new regulations proposed by the government.
However, further analysis by the specialist mortgage lender revealed that 78% of landlords would need to spend over this amount.
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