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I have an EPC "F" rated property with a 13+ year old back boiler. The tenant is on long term incapacity benefits. My understanding is that there is no Green Deal funding available at the moment, and none anticipated (?) - so that leaves ECO funding by the big energy suppliers.
I don't want to push the tenant to jump through hoops if there's not much chance of success, so my question is .... Have any LL had any positive experiences getting ECO grants? Anecdotally I'm told that they only give partial funding, and that it's still cheaper and simpler to go to my local gas engineer for a new boiler.
Other alternative is the deal where the cost of new gas boiler is added (as an interest bearing long term loan) to Electricity bill paid by Tenant - which means they can not swap suppliers.
The F grade EPC is prob OK for the moment as this is not a new tenancy - and as a new boiler will likely cost more than the £3500 above which compliance is not essential you should be OK in short term.
£3.5k for a new CH system? Only if it is for a mansion, surely. We price standard systems for a 3 bed at £2,500 fitted, and some suppliers in Merseyside can do it for £2k (although the boilers are a bit ropey, frankly). Bite the bullet and just get it fitted. If he is a long term tenant you will get the money back in a year by having no voids and direct payments of UC or LHA.
Hamilton Square Estates Ltd
Wirral Property Group Ltd
Sourcing and renovating investment property since 1994
I am talking from exp of London/Home Counties heating prices where even a boiler swap can cost £4000/£5000 - and that is for a 2/3 bed modest house
Do you operate in SE?
Looking at the prices all I can say is, Thank God, no!
I operate in Merseyside, Cheshire and North Wales only. We have a couple of gas fitters contracting pretty much full time with us doing gas safety checks and repairs. The rents here are much lower than SE and London, but the costs are obviously lower too.
I tried last week and was told by 3 installers that ECO3 is not available to tenants. Under the new rules you have to be an owner-occupier.
From P16 of the document (about ECO3): https://assets.publishing.service.gov.uk...8-2022.pdf
"The Government has decided to restrict ECO measures allowed in the private rented sector to reflect that landlords are separately required to meet minimum energy efficiency standards for certain private rented sector properties in England and Wales. As such, EPC Band F and G rated properties will only be eligible for high cost measures (e.g. solid wall insulation and renewables measures) so that landlords do not use ECO to meet their basic requirements.
PRS properties already at EPC Band E or above can benefit from any ECO measures, including First Time Central Heating, because landlords are only required to meet a minimum standard of EPC Band E at this time and there are no requirements on a landlord to improve the EPC rating of the property beyond Band E. Therefore, we would expect ECO measures to be additional. However, broken heating systems will not be allowed at all as Government expects landlords to provide working heating systems to their tenants.”
So it's not just owners, though they won't help LL meet their minimum legal obligation. I'm struggling to make sense of the first part, though, because it sounds like they would consider a new boiler.
A non working boiler would be deemed a non working heating system - which they say LLs are obliged to provide
A boiler swap for £4-5K???? Are you meaning literal swap or putting in a whole system for the first time?
I help run a heating company on the south coast and people here charge nothing like that. £2000 is the average price, sometimes less if a cheaper boiler. I had the boiler in one of my buy to lets in Yorkshire changed buy a company there and it was £1400 last year
what about new Vaillant ECOTEC 28 - swop out old and fit new?
I'd have to check with our engineers but looking at that boiler cost and usual extras, around £2300. That is straight swap. How much are you paying for gas safety certificates?