Minister agrees landlords will be hit hardest under proposed EPC upgrade rules
The Minister for Business, Energy and Corporate Responsibility has acknowledged that the financial burden of green upgrades for homes falls more heavily on landlords than homeowners.
When quizzed during a Lords debate on raising standards in the sector, Lord Callanan admitted: “There are a number of financial packages private landlords letting to low-income tenants can take advantage of, but it’s true that there’s a dilemma in the PRS that the investment is made by landlords and the benefit is gained by tenants in terms of lower fuel bills.”
Peers picked up on yesterday’s report from the public accounts committee which slated the government’s green homes grant scheme, which shut prematurely earlier this year.
It said this had badly underperformed, only upgraded about 47,500 homes out of the 600,000 originally planned and risked damaging future efforts to deliver net zero.
Not convinced
Baroness Jones of Moulsecoomb said she was not convinced the department had fully acknowledged the extent of the scheme’s failure, and suggested: “If you don’t understand how badly you’ve failed, how are you ever going to deliver this green stuff that you clearly don’t understand?”
Lord Callanan insisted that it had learnt the lessons of the green homes grant fiasco and was taking that forward in initiatives such as the boiler upgrade scheme.
But he didn’t fully answer Baroness Thornhill’s question, asking for reassurance that the “failed one size fits all funding systems we’ve had previously won’t be repeated and local authorities will have more genuine autonomy to meet local need”.
Baroness Ritchie of Downpatrick also queried when we could expect a new long-term strategy so homeowners and landlords wouldn’t discover later down the line that they would need to undertake further work to meet changed standards.
Lord Callanan did provide an update on the government’s consultation in the summer about raising energy performance standards of rented properties to EPC band C by 2028. He added: “We will publish our response to that shortly.”
©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Minister agrees landlords will be hit hardest under proposed EPC upgrade rules | LandlordZONE.
View Full Article: Minister agrees landlords will be hit hardest under proposed EPC upgrade rules
Post comment
Categories
- Landlords (19)
- Real Estate (9)
- Renewables & Green Issues (1)
- Rental Property Investment (1)
- Tenants (21)
- Uncategorized (11,861)
Archives
- November 2024 (52)
- October 2024 (82)
- September 2024 (69)
- August 2024 (55)
- July 2024 (64)
- June 2024 (54)
- May 2024 (73)
- April 2024 (59)
- March 2024 (49)
- February 2024 (57)
- January 2024 (58)
- December 2023 (56)
- November 2023 (59)
- October 2023 (67)
- September 2023 (136)
- August 2023 (131)
- July 2023 (129)
- June 2023 (128)
- May 2023 (140)
- April 2023 (121)
- March 2023 (168)
- February 2023 (155)
- January 2023 (152)
- December 2022 (136)
- November 2022 (158)
- October 2022 (146)
- September 2022 (148)
- August 2022 (169)
- July 2022 (124)
- June 2022 (124)
- May 2022 (130)
- April 2022 (116)
- March 2022 (155)
- February 2022 (124)
- January 2022 (120)
- December 2021 (117)
- November 2021 (139)
- October 2021 (130)
- September 2021 (138)
- August 2021 (110)
- July 2021 (110)
- June 2021 (60)
- May 2021 (127)
- April 2021 (122)
- March 2021 (156)
- February 2021 (154)
- January 2021 (133)
- December 2020 (126)
- November 2020 (159)
- October 2020 (169)
- September 2020 (181)
- August 2020 (147)
- July 2020 (172)
- June 2020 (158)
- May 2020 (177)
- April 2020 (188)
- March 2020 (234)
- February 2020 (212)
- January 2020 (164)
- December 2019 (107)
- November 2019 (131)
- October 2019 (145)
- September 2019 (123)
- August 2019 (112)
- July 2019 (93)
- June 2019 (82)
- May 2019 (94)
- April 2019 (88)
- March 2019 (78)
- February 2019 (77)
- January 2019 (71)
- December 2018 (37)
- November 2018 (85)
- October 2018 (108)
- September 2018 (110)
- August 2018 (135)
- July 2018 (140)
- June 2018 (118)
- May 2018 (113)
- April 2018 (64)
- March 2018 (96)
- February 2018 (82)
- January 2018 (92)
- December 2017 (62)
- November 2017 (100)
- October 2017 (105)
- September 2017 (97)
- August 2017 (101)
- July 2017 (104)
- June 2017 (155)
- May 2017 (135)
- April 2017 (113)
- March 2017 (138)
- February 2017 (150)
- January 2017 (127)
- December 2016 (90)
- November 2016 (135)
- October 2016 (149)
- September 2016 (135)
- August 2016 (48)
- July 2016 (52)
- June 2016 (54)
- May 2016 (52)
- April 2016 (24)
- October 2014 (8)
- April 2012 (2)
- December 2011 (2)
- November 2011 (10)
- October 2011 (9)
- September 2011 (9)
- August 2011 (3)
Calendar
Recent Posts
- Why Do You Really Want to Invest in Property?
- Demand for accessible rental homes surges – LRG
- The landlord exodus is fuelling a rental crisis
- Landlords enjoy booming yields – Paragon
- Landlords: Get Your Properties Sold Fast and Cash in the Bank before the New Year!