New EPC Rules April 2020

As of April 2018 you were unable to let your property to a new tenant or renew the existing contract without having an EPC energy rating of E or above.

As of April 2020 this will apply to all existing lets.

Mortgage lenders will also require all landlords to comply with this legislation before considering a mortgage application.

More information can be found here: www.gov.uk

The existing rules of ”Without an EPC rated E or above, landlords face civil and criminal penalties for signing a new tenancy, or renewing an existing tenancy, from 1st April 2018.  There are fines of up to £5,000 for landlords that are found in breach of the legislation” will apply to all tenancies from April 2020.

There are some funding options and incentives for existing landlords:

https://www.simpleenergyadvice.org.uk

For more information on Buy to Let Mortgages Click Here.

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    By |2019-10-14T14:45:27+00:00October 14th, 2019|Categories: Featured Buy to Let, Featured Mortgages|
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