New Government plans in the UK will require buy to let landlords to spend up to £5,000 to make their rental properties more energy efficient.
The new legislation, which kicks in 2018 will require landlords to raise the energy efficiency of their homes to at least Band E for new tenancies by carrying out improvements such as insulation, cavity wall filling and new boilers.
It has been suggested by the Residential Landlord’s Association that a total of 330,000 buy to let homes, typically Victorian and Edwardian properties, will be affected and the RLA has warned the new so called ‘green tax’ could push rents even higher.
Proposed new rules aimed at improving the energy efficiency of commercial properties in the UK which could have significant financial implications for owners of older buildings, have been published by the Scottish Government.
The draft regulations, the Assessment of Energy Performance of Non-Domestic Buildings (Scotland), are scheduled to come into force in September this year and mean that properties must achieve a minimum energy performance level, most likely an E rating based on current Energy Performance Certificate standards.
It means that commercial properties with an EPC rating of F or G may require expensive energy improvement works to meet the new minimum standard.
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