Under legislation currently working its way through parliament, privately rented properties will need to have an EPC rating of C or above. This could lead to many thousands of homes taken out of the rental market..
The Minimum Energy Performance of Buildings Bill mandates that privately rented properties have an Energy Performance Cenrtificate of C or above. This is set to come into force in 2025 for new tenancies and in 2028 for existing tenancies. The penalty for non-compliance is up to £30,000.
Whilst this is commendable from a net zero perspective, it could have far reaching consequences for the availability of rental stock. CBRE delved into the numbers.