New energy efficiency standards are to be introduced in April 2018, as insurance company AXA says one in 20 rental properties will not meet the new standards unless changes are made.
Some tenants are paying too much on energy bills as it's revealed that one in 20 rental properties will fail new energy efficiency standards due to take effect next year.
Landlords who own a rental property with an Energy Performance Certificate (EPC) rating of less than E will not be able to legally rent the property out until it is awarded at least an E rating.
The bands are rated from A to G, with F and G being the least energy efficient and E being the pass grade. The new standards will take effect on 1st April 2018, and will be relevant to all new tenancies and renewals.
However, the study carried out by insurance company AXA found that although there has been a marked improvement across the private rented sector in energy efficiency, some tenants are still paying too much on energy bills if they live in energy inefficient homes.
Managing Director at AXA Direct, Gareth Howell, said: "Our study has found that landlords are making significant investments into improving the energy efficiency of their properties.
Pockets of failure exist in this market, but it is not the story for the 95 per cent of landlords who are trying to do the right thing."
Though the picture is generally a positive one for most landlords and tenants in terms of the energy efficiency of their properties, rental homes which currently fall below an E rating must undergo improvements to boost their energy ratings before next April.
For more on this story, click the link below: