Landlords delay on EPCs

Research from Paragon Mortgages reveals that the majority of landlords haven’t arranged Energy Protection Certificates despite the deadline being only a week away.

Paragon polled a panel of 200 landlords at the beginning of September as part of its latest Trends research.

It found that 81% of respondents haven’t yet obtained an EPC for any of their rental properties. It also reveals that only 5% of landlords polled have obtained the certificates for all the properties in their portfolio.

From October 1 it will be a legal requirement for landlords to show prospective tenants an EPC when marketing a property for rent. Failure to comply with the legislation could result in a £200 fine and prevent the landlord from marketing the property for rent.

John Heron, managing director of Paragon Mortgages, says: “Landlords cannot afford to ignore the regulations when it can increase the risk of void periods.

“We would advise landlords to get their EPCs sorted out as quickly as possible so that they are ahead of the game when it comes to re-letting a property. Every landlord hates void periods and needs to be in the position to react quickly when an existing tenancy ends.”