EPCs are rated from Band A,meaning the most efficient, to Band G, the least efficient, and from April 2018, landlords in England and Wales are obliged to raise their properties to the level of Band E or above.
Why should landlords comply with MEES guidelines?
One of the top reasons, that tenants leave a property is because it is too expensive.It doesn’t matter if their rent is fair and affordable; if the bills are too high, then tenants are more likely to leave at the end of their tenancy agreement, meaning more hassle for you and the risk of an empty property. Alternatively, a property will always be more attractive to informed tenants if the EPC rating is good, and will probably have fewer tenants going into rent arrears.
A property with increased energy efficiency may also see an increase in value, offer the scope for a higher rent, have a lower risk of condensation and damp, and have a reduced need for repairs as burst pipes during the coldest months.
Properion can help with house improvements and refurbishments, please have a look at our refurbishment services here.
It is important to note that this article isn’t exhaustive and doesn’t constitute legal advice.