Now a legal requirement if you are a selling a property in the UK
WHEN YOU’RE SELLING or renting out a property in England, Wales and Northern Ireland, it’s important to remember that you need to get an Energy Performance Certificate (EPC). An EPC will provide information on how energy efficient the property is, which can be an important factor for potential buyers and tenants. Sellers in Scotland have to provide a more extensive ‘Home Report’, which includes an EPC, as well as a survey and a property questionnaire.
MOST ENERGY EFFICIENT HOMES An EPC ranks properties in terms of energy efficiency (they are not required for listed buildings). The most energy efficient homes are rated A while the lowest are rated G. It is required whenever someone sells or rents out a property and will include information about the amount of fuel used by different types of appliances within the home as well as details about insulation levels. This means that prospective buyers/ tenants can make educated decisions about the energy efficiency of their new homes before committing to purchase or rent. The requirement to have an EPC has been the law since 2008 and, once completed, the EPC is only valid for ten years. The certificate must be prepared by a qualified assessor who has been accredited through the Department for Business, Energy and Industrial Strategy (BEIS).
IDEA OF FUTURE ENERGY BILLS The assessor will inspect the property to identify areas where energy efficiency can be improved. They’ll then recommend ways to improve these areas and advise on how costs can be kept down in order to make a property more energy efficient. The report will also include details about the environmental impact of the property, indicating how much carbon dioxide is produced by its current energy use. This information allows buyers/tenants to get an idea of their future energy bills before they move into their new home.
“The requirement to have an EPC has been the law since 2008 and, once completed, the EPC is only valid for ten years.”
MAKING AN INFORMED DECISION By having an EPC, you’ll not only increase your chances of selling or renting out a property quickly, but you’ll also be helping to ensure that the new owners or tenants are aware of the energy efficiency of the property they’re considering. This will help them make an informed decision about their future living arrangements and reduce any potential bills arising from inefficient heating or cooling systems. If you do not have an EPC you could be fined up to £5,000. And, under new government proposals, this would be increased to £30,000 from 2025. So, if you’re selling or renting out a property in England, Wales or Northern Ireland, remember to get an EPC for the best outcome. It could save you time and money in the long run!
>> WANT HELP TO FIND THE RIGHT MORTGAGE FOR YOUR HOME? << We’ll help you find and apply for a mortgage that’s right for you. From buying your first home to moving to your forever home, we’re here to help. Please contact Omni Finance – telephone 01424 236903 – email simon.hickman@omnifinance.co.uk
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BUY TO LET MORTGAGES ARE NOT USUALLY REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. OMNI FINANCE IS AN APPOINTED REPRESENTATIVE OF NEW LEAF DISTRIBUTION LTD WHO ARE AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FCA). FCA NUMBER IS 460421.
Comentários