Mortgages for Business launches landlord EPC tool

 

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Mortgages for Business has launched a tool that will let landlords instantly check a property’s EPC rating.

From 1 April residential landlords cannot grant a tenancy if their property’s EPC rating is F or G.

From 1 April 2020, if there is a tenant already in situ it will become illegal for residential landlords to keep letting properties with EPC ratings of F or G.

Landlords can use the tool by going onto the Mortgages for Business homepage and entering a property’s postcode.

Mortgages for Business chief operating officer Steve Olejnik says: “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.”

The broker is also holding a free 30-minute webinar on 28 February at 1pm for landlords on the new rules, incoming guidance for mandatory HMO licensing and minimum room sizes.

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