Reform of residential lettings in the UK
With the introduction of the Renters Reform Bill earlier this year, it’s vital that investors keep on top of the new requirements.
In an article for HNW Advisor, partner Lorna du Sautoy highlights the changes which landlords need to be aware of to protect their assets.
‘From 2025 all newly rented properties will be required to have an Energy Performance Certificate (EPC) rating of C or above. Currently properties only require an EPC rating of E or above. Existing tenancies will have until 2028 to comply with the new rule changes.
Given the risk that properties become “unrentable” if landlords do not meet the new standard and more than a third of UK rental property was built pre-1940 landlords currently unaware of the level of work needed on their property could be risking a loss in income until all necessary work is carried out.’
Read the full article on the HNW Advisor website.