Government Proposes Cap of £2,500 for Landlords to Invest in New MEES
Published on Wed, 20th Dec 2017 15:02
In October we updated you on the Minimum Energy Efficiency Standards (MEES).
This legislation has been on the statute book for some time, and comes into place this April. Under this scheme landlords will not be allowed to let a property out if it unless it has an energy efficiency of E or above.
A new consultation was launched on plans to amend upcoming MEES so that landlords could no longer exempt their property due to a lack of third party funding.
The Department for Business, Energy & Industrial Strategy (DBEIS) is proposing amendments to the regulations, by removing the existing “no cost to the landlord” principle and introducing a “landlord funding contribution” component where a landlord is unable to obtain suitable “no cost” funding.
If the new plans are approved, landlords would be expected to financially contribute, up to the £2,500 cap, to ensure that their property reaches an Energy Performance Certificate (EPC) rating of at least E.
The consultation is open until Tuesday 13th March 2018.
The Government intends to issue its response to the consultation in spring 2018 and make amending regulations during autumn 2018, which would take effect from 1st April 2019. Read the full proposal here.