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Oct 2023

Surprise government U-turn on EPC requirement for rental properties

Surprise government U-turn on EPC requirement for rental properties

Prime Minister Rishi Sunak has announced that landlords will not now be required to upgrade their properties to an EPC rating of at least a C for new tenancies from 2025.

This means that landlords won’t be expected to pay up to £10,00 in upgrades and there will be no fines for those that fail to reach that standard. Record breaking rents have been achieved across Prime London, growing by 8.8% in August on an annual basis and 29.3% above the 2017-19 pre-pandemic average as tenant demand remains strong and there is heightened competition over a smaller pool of properties. The Renters(Reform) Bill is now working its way through the House of Commons and House of Lords where the proposed reforms include introducing a limit to the number of rent increases to once per 12-month period, removing no fault evictions and strengthening Section 8, allowing landlords to recover their property in certain circumstances.

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