Proposed minimum energy efficiency standards regulation in England could leave residential landlords facing a £17.9 billion bill, a lettings agency warns.
The government’s proposal for all rental properties to have a minimum EPC rating of C by 2025 will add pressure to those already faced by landlords and may lead to many exiting the sector., according to Knight Frank.
Whilst some 13 per cent of renters are willing to pay a premium for a low carbon property, the average annual rent in 40 per cent of local authorities wouldn’t cover the average £9,260 spent to bring a property up to EPC C.