New EPC Requirements set to force out landlords during cost of living crisis

The introduction of new EPC requirements, which must be raised to a "C" by 2025 from the current "E" rating puts pressure on existing landlords. So for those accidental landlords, people with property investments reaching retirement age, and small landlords, the news is not ideal. Especially for older properties that may not be well insulated. For existing tenancies, the deadline is 2028.

But the news isn't all bad for the buy to let market. The expected increase of available rental property onto the housing market means that there are opportunities for investors looking for additional properties where they can make the necessary improvements, and add property to their portfolios.

David Liddle said, "The news for the buy to let market isn't all bad. For landlords looking to invest, suitable properties coming onto the market for a quick sale represent new investment opportunities."

Potential landlords who invest in new build property are able to take advantage of more energy efficient homes as a "plug and play" option with a view to future proofing their investments for the future. However, they are paying over the odds for new property, so the availability of older homes presents a new opportunity. And with completions currently quite fast at around 150 days, and sellers looking to secure their equity, there are some very motivated sellers in the housing market which will stimulate sales.

David Liddle said, "The introduction of new EPC rules is a cost that some landlords will not be willing, or able to absorb. Whilst this is bad news for many landlords, it represents an opportunity for many other professional investors." Mr Liddle continued, " Not only that, but the end result of the change to EPC rules means that over the long term, the quality of the housing stock will increase, and the cost to tenants of running their homes will fall due to improved insulation, replacement of white goods, boilers and other household equipment with more energy efficient products." 

It will be interesting the introduction of new EPC rules will have on the rent that people pay.

David Liddle has worked in the finance industry for over 25 years and is driven by his passion for problem solving and designing bespoke client solutions. David's keen eye for detail combined with his lateral thinking offers clients tremendous value when they are seeking solutions to achieve the purchase of the next home, or property investment.

Liddle Perrett isn't like mother mortgage brokers. The Liddle Perrett team is passionately dedicated to supporting clients all the way through the process of achieving the mortgage, finance and protection that they need. Whether that's for a happy event like buying a first home, or due to a bereavement, every member of the team is supportive and sympathetic to the needs and wellbeing of the client.

Liddle Perrett comes with finance industry knowledge, insight and experience that is drawn upon to ensure that every clients is presented with the very best options to meet their particular financial needs.