Most likely improvements
A new survey undertaken by Paragon Mortgages indicates that private landlords and Buy-To-Let investors are “most likely to have invested in a boiler upgrade in the last twelve months to boost the energy efficiency of their rental properties.”
Polling 201 landlords, the survey found that those interviewed had “high awareness” of the new Minimum Energy Efficiency Standards (MEES), which had prompted them into action in the 12 month period running up to the April 1st 2018 implementation date. 85% of those taking part indicated their “familiarity with the measures”.
The participants were asked what upgrades they had implemented to meet the new standards and improve their EPC ratings: 39% had replaced boilers in one or more properties; 33% had invested in new windows.
Conversely, only 12% had invested in loft insulation, and 7% in cavity wall insulation within the previous year.
The latest figures from the English Housing Survey1 estimate that 93% of homes in the PRS are now rated at ‘E’ or above, with 76% achieving band ‘D’ or higher, which is positive for the lettings market and tenants as a whole as landlords “demonstrate commitment” to property improvements and meeting the required EPC ratings.
*Source: Landlords reveal most popular energy efficiency improvements