Specialist lending bank Shawbrook has published a new report showing that landlords want more guidance on proposed EPC regulations. This follows our campaign to get greater clarity on this subject.
Entitled ‘Confronting the EPC Challenge’ it highlights the role that both lenders and brokers can play in supporting landlords with creating a more sustainable property portfolio.
The research further showed that 56% of landlords have now spoken to either a lender or broker about the expected EPC proposals. Four in 10, however, still have not discussed the proposals with either their lender or broker.
“Landlords are already grappling with a volatile housing market so it’s vital that they are planning ahead where possible,” Emma Cox, managing director of real estate at Shawbrook, commented.
“The government has made clear its aspirations for net zero buildings and every homeowner and property investor in the UK will have a role to play in getting us to this goal. However, while many landlords have done their homework and know of the current EPC proposals, there is still a huge amount of uncertainty.”
Cox added that while some in the industry are still waiting for confirmation from the government or direction on the timings of the proposals, others are already taking action to make their properties more sustainable.
“The fear is with materials and service costs going up, improvement work could become increasingly expensive as the proposed 2025 deadline comes closer,” she pointed out.
“At Shawbrook, we want to support our landlords as they look to improve the energy efficiency of their properties, and at our recent industry roundtable we discussed the role that brokers and lenders can play and the guidance we can offer.
“We’re continuing to work alongside UKGBC and speak to our broker partners, and customers about the upcoming legislation and the wider impact on tenants of the cost-of-living crisis and would urge the rest of the industry to be doing the same.”