Our approach to the new Energy Efficiency Regulations
From 1 April 2018, Energy Efficiency Regulations have introduced new minimum standards of energy efficiency for private rented properties. Landlords must ensure their properties have an Energy Performance Certificate (EPC) rating of ‘E’ or higher before granting a new tenancy to new or existing tenants.
As a responsible lender, we already set high standards when it comes to the condition of properties that we accept. So we’re only making minor changes to our valuation policy on properties that don’t meet the ‘E’ rating.
Here are the full details, effective on new valuations carried out from 1 April 2018: