Home Recent Landlord News Mortgages for Business launches EPC rating retriever for landlords

Mortgages for Business launches EPC rating retriever for landlords

epc regulation 2018Mortgages for Business has launched an instant Energy Performance Certificate (EPC) rating retriever on the homepage of its website.

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.”

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