EPC AND Electrical Safety Regulations - Changes You NEED to be Aware of
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
In this podcast, Rob explains how property owners can comply with the existing and upcoming changes to energy ratings and electrical certifications. He covers the subjects in detail and provides several ways to find out more so that you can comply. As well as suggesting improvements you can make to ensure that your property meets the new standards and gains a high Energy Performance Certificate (EPC).
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KEY TAKEAWAYS
- The Minimum Energy Efficiency Standards (MEES) means that generally speaking a property with an EPC rating lower than E cannot be occupied by a new tenant.
- There are a tiny number of exceptions to the MEES tenancy limitations – Rob explains what they are, in the podcast.
- In the future, the government is likely to require all properties to meet the EPC C standard.
- If you have a F or G grade property you are now required to spend up to a maximum of £3,500 to bring it up to the E grade standard.
- Use the EPC register website to get ideas of changes you can make to upgrade your rating.
- Many low-cost improvements can make a huge difference to your rating e.g., draft excluders.
- Look for funding to help you with the energy saving improvements you want to make.
- The new electrical standards require landlords of rented properties to have inspections carried out regularly.
- For existing tenancies, the new requirement came into force for June 2020, for new ones it is April 2021.
- Rob is planning an in-depth podcast that covers the new electrical standards regs.
BEST MOMENTS
‘If you're currently E grade (EPC) or above, then there's not too much to worry about.’
‘If the government is going to contribute a hefty amount to you for improving your property or your portfolio, then it's certainly worth looking at.’
‘We're providing homes for people to build their lives in. And if we can do that as safely and as securely as possible, then we are doing our duty.’
PODCAST RESOURCES
TheEPCregister – to check your current rating
[email protected] – to contact Rob about carrying out an energy inspection and advising you on making improvements.
VALUABLE RESOURCES
Buy to Let: How to Get Started – By Rob Smallbone (Amazon)
ABOUT THE HOST
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
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