It has been designed for for landlords to quickly check the EPC status of their rental properties ahead of new tenancy rules.
From 1 April 2018, residential landlords will not be able to grant a tenancy to either new or existing tenants if the property’s EPC rating is F or G.
Then from 1 April 2020, if there is a tenant already in situ, it will become illegal for residential landlords to continue letting the property out if the EPC has a rating of F or G. The new tool will provide landlords with a starting point for compliance.
To check a property’s EPC rating, landlords need only to enter the property’s postcode into the tool.
Commenting on the launch, Steve Olejnik, COO of Mortgages for Business, said: “Simply put – no EPC, no buy-to-let mortgage. For this reason, it is important to us that our landlord clients understand how the new EPC rules will affect them.
“We wanted to create a tool that would allow landlords to find out their property’s position instantly, giving them time to make amendments if necessary.”