Simple Landlord Insurance have a timely reminder for all buy-to-let landlords – From 1 April 2018 new energy efficient rules come into force – and landlords whose properties aren’t up to standard could face a hefty £4,000 fine.
Under the new Minimum Energy Efficiency Standards (MEES) rules, rented properties in England and Wales with an energy performance certificate (EPC) of lower than F or G won’t be able to sign new tenancy agreements – with new tenants or their existing ones.
It’s thought that could affect around 300,000 properties – some 6% of landlords.
Richard Truman, Head of Operations at Simple Landlords Insurance, said: “If landlords break the rules they could face a fine from the local authority.
“It’s vital landlords check they have an up to date certificate now, and if they come under an F or G rating that they take action to improve energy efficiency. That could include updating lights, boilers and appliances, or investing in insulation.
“Listed buildings may be eligible for an exemption – but you need to read the rules carefully and apply now.
“At Simple it’s our job to help landlords mitigate risk, and not keeping on top of the latest rules and regulations could put your investment at risk. That’s why we’ve put together a Simple guide to MEES to help you get to grips with next steps.”
Carl Agar, resident blogger on Simple’s Landlord Hub, added: “Landlords should be aware that failure to provide evidence of a valid EPC will invalidate the execution of any section 21 notice. This is especially important for landlords operating HMOs using ASTs – as the new rules now apply to these properties.”