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  • Property-a-holics

    Scrap Energy Performance Certificate Petition

    Whenever the government announces that it's going to create new jobs, I always think 'Oh no, how much is this going to cost me?'  Cynical I know!  (Jobs should be left for entrepreneurs to create).

    Most effect all citizens in general but the odd one effects property investors even more so.  The introduction of the Energy Performance Certificate is a good example of this and a guy called Russell Quirk has started a petition to scrap it which is currently at 546 signatures.

    Not everyone will agree with me, but I thought it was worth sharing as I am able to determine whether a property looks energy efficient or not when I conduct a viewing.  Here's the link: https://petition.parliament.uk/petitions/139091

    Enjoy the rest of your day!

    Andy

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    Andy Walker

    Creator of monoperty.com

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    In all the time snce they came out I have never once been asked by a Tenant to see an EPC

    I call it an Extra Piece of Crap

    What is the point in haveing them If Customers dont know what they are ??????

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    Learn Change and Adapt ?????

    LOL! Exactly. Love the description you have for it DL ?

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    Andy Walker

    Creator of monoperty.com

    Follow Me: YouTube Snapchat Facebook Twitter

    Nick Hurn MP said on Monday - "Private rented property in England and Wales, ensure that, from 1 April 2018 their properties reach at least an energy performance rating of E before granting a tenancy to new or existing tenants".

    So very unlikely to get EPC ratings revoked when they are an integral part of other regulations that are due to come into-force to increase the quality of houseing in the Private Rented Sector.

    Yes EPC certificates may have seemed pointless today, if you did not intend on increaseing Energy Performance. They will be used soon to give tenants rights to demand changes "that are not unresonable" and by 2018 all properties need a rating of E or Better.

    P.S. You dont get "asked" to provide EPC. They have got to be present on marketing and given to prior-signing tenancy. I think the use of Section 24 Eviction Notice depends on proving that you did so.

    You typicaly find me wanting to scrap excess regulation but gradualy increaseing energy eficiency of properties, is a common sense move. With a few exceptions of older properties in which it can become prohibative.

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    THIS PROPERTY TRIBES ACCOUNT IS NO LONGER USED.
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    YOU CAN REACH ME AT BESPOKE FINANCE or MY TEAM AT 08009202001

    I was talkng to and EPC assesor and his train of thought is it was for taxation higher Counci Tax Bills ect for low banded properties

    I would understand it If Teanats knew about them but they dont

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    Learn Change and Adapt ?????

    Good point Adam.  Thanks.

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    Andy Walker

    Creator of monoperty.com

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    Weren't EPCs part of an EU Directive, therefore making it mandatory for the UK to pass this legislation?  I wonder if the government intends to retain this post-Brexit?


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    I think you are right Beth.  Probably, they are going to have so much legislation to review, that I expect this will be way down the list of priorities.

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    Andy Walker

    Creator of monoperty.com

    Follow Me: YouTube Snapchat Facebook Twitter

    Now, you may be able to assess the broad level of energy efficiency of a dwelling from a viewing, the typical tenant may not be so skilled, nor the first time buyer, etc.

    How long did it take for energy efficiency (mpg data) to become standard in cars and considered a useful part of the sales process?  I think the energy rating has had a bit more of an impact in white goods.

    Whilst there are criticisms that may be levied against the details of the chosen method, do you object to the idea of potential occupants being provided with additional information about the potential running costs of the dwelling?

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    Funded PhD available at Brimingham City University in energy efficiency in the rental market
    http://www.propertytribes.com/funded-phd...27005.html

    Good point.  But the efficiency can be established by the type of build, type of property, double glazing, boiler etc.  This information is collected by estate agents on the valuation.

    I'm sure there are websites provided by utility companies that have a check box system for estimating your energy usage.  It's pretty much the same thing.

    Anyone can check for loft insulation but cavaity wall maybe a bit trickier.

    I agree the information is useful, but I would say that 95% of the information can be provided without an EPC assessor.

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    Andy Walker

    Creator of monoperty.com

    Follow Me: YouTube Snapchat Facebook Twitter

    The problem there is that energy companies have something to sell (energy) and so do estate agents (the property itself), so have an incentive to portray the energy efficiency in its best light. An independent assessor doesn't have that conflict of interest.

    Also, I can't imagine a prospective tenant ever standing there pondering the construction methods of the property they're considering renting, or asking if they can go in the loft to measure the loft insulation. It really comes down to 'is there enough space', 'is it clean' and 'do I like it'! I think there will come a time when they pay more attention to the EPC, we're just not at that stage yet.

    As someone already pointed out, the government is extremely unlikely to scrap them, given that they've based another layer of imminent legislation on them, ie the requirement for rented property to reach a minimum of Band E from 2018.

    Finally, they only cost £50 or so last time I had one done, and last for 10 years (although when they were first introduced the same document lasted 3 years if you were selling, but 10 if it was a rental, which was plain daft) which is a fiver a year. There are far more important things to be petitioning about, so I shan't be signing this one.

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