New Regulations from April 2018
From April 2018, if you are to market your property for rental or renew a lease to an existing tenant, you will need an EPC which is of a band A to E rating rather than a band F or G as if the latter is the case, you will not be allowed to legally market your property!
When we produce your EPC, if the Assessor can see it is going to be a Band F or G, we can hold back on lodging the EPC if you instruct us to do so, which saves on one lodgement fee. Once at that stage, we can advise on what you need to do to obtain a better rating that would move it to the required A to E bands so you can rent the property. We would test the various potential changes within the software and advise you on what effect each ‘improvement’ would make and how you can achieve the desired effect of a band A to E rating, and provide you with a draft EPC with the improvements included, before you go ahead with them
Most ratings come out at the required band A to E rating but if you are unfortunate enough to have a F or G rated property, changes have to be completed within a reasonable timescale of say one month, so that the initial EPC data does not become stale. There are charges for the testing of the system and the revisit by the Assessor to update the data they entered in the initial EPC and travelling costs, which would be fully explained if that were the case.
It is obviously absolutely essential that you have a rating that allows you to market and rent/sell your property, and as an example, Banks/Lenders are now ‘taking an interest’ in the EPC rating of any property that they are lending against as it can reduce the value dramatically if it is not able to be sold or rented!
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