Energy Crisis

Profitable Places
Property & the Energy Crisis

 Nicholas Redman, of Legal Firm DLA Piper highlights the fact that
from April 1st 2018 properties with poor energy performance standards may be unlettable (even unsaleable).


Thermal Performance

Image Source: Wikimedia Commons
  
  • The government is committed to the prohibition of lettings of all properties—residential and commercial—which have a low energy performance rating.
  • Within the next four years the letting of buildings with poor energy performance will be outlawed.
  • Around one in six properties will be affected by the ban.
  • Lenders are likely to impose conditions on agreements to provide finance to investors
  • EPC ratings of F or G may mean that no money will be forthcoming.
  • MEES seems to be a necessary step change for meeting UK statutory emissions target.



You can read the full article in LEXOLOGY


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