The government has proposed that from 2025 all newly rented residential properties will be required to have an EPC rating of C or above. Despite this deadline being three years away, property experts are advising landlords to act now due to the lack of skilled labour in the market, the increasing cost of materials and the increasing cost of borrowing. Some lenders are incentivising landlords to make these refurbishments now by discounting borrowing rates for properties rated EPC C or above.
With refurbishments costing tens of thousands of pounds to improve ratings, this will come at a steep cost for landlords particularly those with a portfolio of multiple properties.
To help UK residential landlords navigate this proposed legislation, Newable Finance brokerage is hosting an EPC panel discussion, which will take place on Wednesday 28th September, 2022 at 11:00am. The panel will discuss how the government’s new proposed EPC rating legislations will affect the property market, and how the panel can help landlords.
Brian Love, head of regional broking, Newable Finance will be hosting the one-hour panel, live on Zoom. Panellists include:
- Daniel Standing, regional development manager, Shawbrook Bank
- Amanda Early, senior associate, Birketts LLP
- Alec Chohan, senior finance broker, Newable Finance
- Aaron Lewis, chief operating officer, CEC Energy
- Richard Kirby, director & RICS register valuer, Anderson Wilde & Harris
Expect to discuss what the new legislation is and how it affects landlords, the impact on property sales for landlords, what steps landlords can take to refurbish their homes and what improvements are going to make the most impact. Finally, the panel will discuss why landlords should act now, and not wait until 2024.
The one-hour virtual panel is free to attend, however there is limited availability. Places are expected to be fully booked, so it is advised to register now to avoid disappointment >> Register here: https://us06web.zoom.us/meeting/register/tZAtf-morzsvG9POixXP5lIGIDwZL35cSnl5
About Newable Finance
Newable Finance is part of Newable, a leading business support group on a mission to help SMEs to thrive. Newable provides support through the provision of services in three key areas: Money, Workspace and Advice, helping over 43,000 businesses each year.
Newable Commercial Finance Limited trading as Newable Finance is registered in England and Wales. Registration number: 07474588. Newable Commercial Finance is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register www.fca.org.uk/register FRN 723703 | Data Protection number: Z6663758. Newable Commercial Finance is a finance broker, not a lender. Not all products offered by Newable Commercial Finance are regulated by the Financial Conduct Authority.