Mortgages for Business launches landlord EPC tool



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.


Charcol’s Elliott joins The Buy to Let Business management team

The Buy to Let Business has appointed Paul Elliott to its management team. Elliott (pictured) has worked in the mortgage industry for 18 years, most recently as head of specialist lending at John Charcol. His title at The Buy to Let Business will be ‘mortgage manager.’ At Charcol, Elliott was involved in the development of the […]

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.


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