New landlord EPC changes expected in 2028

Since 2018 rental properties with new tenancies have been required a minimum EPC rating of E. But from the 1^st April 2023 this is set to change to cover all tenancies, new and existing.

However, under the new bill making it’s way through parliament the deadline for private rented properties is 31st December 2028 where practical, cost-effective and affordable.

With an average of £5-10k to bring a terraced property up to a C level (much more for other types of housing) this could hit small portfolio landlords hard.

It also raises many other questions, such as what will happen with fixed-term mortgage deals that exceed the estimated dates of EPC changes?

Will landlords be able to re-mortgage on to other deals or will they have to find the money to upgrade the property first.

It’s highly likely that some of these changes will come into place but we simply don’t exactly what, making advance planning extremely difficult.

If handled badly and without grants or support for landlords, it could lead to a cliff edge for landlords and the death of buy to lets.

As many as 50% of landlords are unaware of the potential EPC changes, according to a recent survey.

With an expected uptick in re-mortgaging this year, make sure you are using a broker that can advise you on the best mortgage products and how your EPC level can open up preferential rates with funders.

That’s what we do. We’re landlords as well as a full market mortgage broker. We face the same challenges as you and can give you the best expert solutions.