18/01/2023
👉It’s now being suggested that plans to improve the energy efficiency of private rented housing have “no hope” of being met following the Government’s failure to respond to a consultation which closed two years ago.
The Government proposed a target that all new tenancies in the private rented sector should be in a property with an energy performance rating of at least a ‘C’ by 2025. It proposed that this be extended to cover all tenancies in the sector by 2028 🙄
Anyone get the impression the government doesn’t have a clue what it wants? 🤔😂
The National Residential Landlords Association (NRLA) is calling on the Government to make clear that the dates envisaged in the consultation are now unrealistic. In addition, to provide certainty for the market, it is calling for a definitive timetable for publication of a response to the consultation and any required legislation thereafter.
The Government wanted all landlords to pay up to £10,000 to make the necessary improvements to meet the proposed targets (cos we’re all multimillionaires right 🙄)
The NRLA is calling instead for the amount that landlords should be expected to contribute to be linked to average market rents in any given area.
Alongside this, they are calling for a package of fiscal measures to support investment. This should include the development of a new tax allowance for landlords who are undertaking works towards reaching Net Zero.
As a landlord and letting agent, of course we all want to see properties as energy efficient as possible. But the governments lack of consultation and unrealistic expectations means its plans are dead in the water. The lack of clarity is playing a major part in holding back investment in the homes to rent tenants desperately need.
What is your experience with this so far? Let me know in the comments.
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