Minimum energy efficiency rule changes: A warning to all landlords

Published on: 4th January 2018

From the 1st April this year landlords will not be able to let properties or renew leases if their property has an EPC rating lower than an E. Diana Warr, residential expert in our Leeds office discusses the upcoming changes and actions that landlords can take to avoid penalty.

“Earlier this year it was estimated that between 300,000 and 400,000 properties in England in Wales could be unlettable from April as they will fail to meet the new energy performance standards. The rules state that from April 2018 all new lets and tenancy renewals must meet the new Minimum Energy Efficiency Standards (MEES) and from 2020 the rules will apply to all residential properties.

“Over the past few years we have come across a number of properties that would meet the MEES and would therefore become unlettable in just a few months. It would be wise for all landlords to check the EPC rating of their property to better understand the costs and benefits of improvement measures so that they are best placed to prevent a negative impact on the value of their property.

“The changes are obviously positive ones in the long run as they will encourage landlords to meet higher standards of energy efficiency but in the short term they could be an unwelcome hurdle. From April 2018 local authorities will be able to impose penalties of up to £4,000 for non-compliance on top of fining £200 for those with properties without a valid EPC. The largest cost to landlords could however be the loss of earnings while their property is legally unlettable.

“While this may all seem a bit doom and gloom it is not too late to act. The first step is to make sure that you have a valid EPC and then consult with a professional if your property doesn’t meet the required standards. Quite often there will be a few quick win energy efficiency changes that you can make that will ensure you don’t fall foul of the upcoming regulations.”

For more information about the upcoming regulation changes, what properties it will affect and how you can avoid any unwanted penalties please contact Diana Warr at our Wellington Street office on 0113 221 6017.

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Residential Agency

If you want to request a repair to your property then please click here. Sanderson Weatherall's residential division, based in our Leeds office, offers a bespoke service to clients looking for quality residential property in the North of England. We specialise in all types of property transaction, from large scale development opportunities to individual residential sales and lettings, including first class country and city centre residences. From all offices we offer detailed and specialist advice on residential property requirements to both private and public clients. Our services run from initial feasibility studies, through planning and design, right through to maintenance and regeneration. With a wide range of residential services on offer and with a wealth of expertise in many residential property transactions we have the all the relevant experience to ensure our residential services are as effective as possible. We take pride in our expertise, strong regional coverage, integrity, professionalism and discretion. Fees Fees to Landlords - click to download

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If you want to request a repair to your property then please click here.

Sanderson Weatherall's residential division, based in our Leeds office, offers a bespoke service to clients looking for quality residential property in the North of England.

We specialise in all types of property transaction, from large scale development opportunities to individual residential sales and lettings, including first class country and city centre residences.

From all offices we offer detailed and specialist advice on residential property requirements to both private and public clients. Our services run from initial feasibility studies, through planning and design, right through to maintenance and regeneration.

With a wide range of residential services on offer and with a wealth of expertise in many residential property transactions we have the all the relevant experience to ensure our residential services are as effective as possible.

We take pride in our expertise, strong regional coverage, integrity, professionalism and discretion.

Fees

Fees to Landlords - click to download

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The 3 'P's of selling your residential property

Diana Warr, residential sales and lettings expert in our Leeds office has put together her top three tips for maximising your property's potential. “In a market where demand is high, it is inevitable that it becomes it a little easier to sell, but that by no means allows you the comfort of sitting back and just waiting for the offers to come in. There is an endless list of tips and options available to help sell your property but we have picked just three key pieces of advice to help you achieve the best possible sales price.”

Read More....

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Diana Warr, residential sales and lettings expert in our Leeds office has put together her top three tips for maximising your property's potential.

“In a market where demand is high, it is inevitable that it becomes it a little easier to sell, but that by no means allows you the comfort of sitting back and just waiting for the offers to come in. There is an endless list of tips and options available to help sell your property but we have picked just three key pieces of advice to help you achieve the best possible sales price.”

[fulltext] =>

Presentation

It may seem like a bit of an obvious one but the first impression that a prospective buyer gets when they walk through your front door can make a massive difference. Ensuring your property is attractive to a buyer does not need to be an expensive decorating process. We have first-hand experience of the difference that adding simple furnishings, flowers and a new lick of paint can make to a property.

Photographs

If you’re going to the trouble of presenting your property in its best possible light then it’s important to make sure you portray that through the photographs you have taken. It is worryingly common for us to see poorly taken pictures of properties online, if you’re going to the trouble of improving the presentation of your property then make sure you portray that through the photographs you have taken.

Price

When it comes to selling, deciding on what price to sell it for is inevitably a big decision. Price your property too high and you won’t generate much interest, too low and you may not fully maximise your property's potential.

Our residential team understand people and property and are experts in giving real advice and support to people around the UK. As leaders in the property industry, we can guide you through every step of the process, and provide a complete property service to support you in all of your property needs.

Whether you’re selling, letting, looking for a new home, or need a valuation on a property, our one to one service takes the hassle away and gives you peace of mind knowing that your residential property advisor is at hand whenever you need them.

Contact Us

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Increase in demand for high quality rental properties in Leeds

With plenty going on in Leeds at the moment and a raft of new properties on the market there has never been a better time to move to the city centre. Diana Warr, residential sales and lettings expert discusses the current state of the Leeds residential property market. “At the start of the year there were predictions of a slower market with the anticipated rise in inflation, lower wages and of course, the political uncertainty all expected to have a negative effect on demand and supply. This year however, the Leeds market has, as it always does, proved it’s resilience with increased numbers displaying an interest in moving to the city.

Read More....

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With plenty going on in Leeds at the moment and a raft of new properties on the market there has never been a better time to move to the city centre. Diana Warr, residential sales and lettings expert discusses the current state of the Leeds residential property market.

“At the start of the year there were predictions of a slower market with the anticipated rise in inflation, lower wages and of course, the political uncertainty all expected to have a negative effect on demand and supply. This year however, the Leeds market has, as it always does, proved it’s resilience with increased numbers displaying an interest in moving to the city.

[fulltext] =>

“The difference in demand for out of town locations and the city centre further reinforces the revival in appeal, desire and general view towards city centre living. Across the city the average rent for a one bedroom flat is £650 per calendar month (pcm), with two bedroom flats going for on average £895 pcm. These figures will vary across the city with location, security and quality of the property generally causing fluctuations either side of the city’s average.

“In recent months we have however, noticed a real increase in the number of ‘prime’ rental properties being brought to the market as landlords seize the chance to capitalise on the level of demand for high end flats and apartments.

“Rents for these higher end properties will often rise to over £1,000 pcm for a two bedroom flat and can increase to over £2,000. In the coming weeks we have a fabulous 3 bedroom penthouse apartment in the exciting Merchant Quay (pictured) development that will be coming to the market for £2,500 pcm, it’s really not one to be missed."

Contact Diana on 0113 221 6017 for more information or to find out what properties we have available at the moment.

Contact Us

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Diana Warr, sales and lettings expert at Sanderson Weatherall’s Wellington Street Office spoke with us about the current state of the Leeds residential property market. 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