Monday, 22 August 2016

Government Plan To Improve Energy Efficiency Will Increase Rents

The Government’s decision to remove all financial support for landlords hoping to make homes more energy efficient will inevitably raise rents. New laws mean that from 2018 it will be illegal to rent out property with an energy efficiency ratings of F and G and now the RLA is warning that forcing landlords to carry out costly works without support will have a knock on effect for tenants. Nearly a third of private rented housing was constructed before 1919 making homes to let some of the hardest to treat properties for energy efficiency improvements. With fuel poverty a bigger challenge in the private rented sector as a result, the RLA argues it is remiss that the Government’s consultation on the future of the Energy Company Obligation (ECO) makes no reference to the private rented sector. Read more on the RLA website.

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