New service designed to help landlords meet EPC targets

New service designed to help landlords meet EPC targets

0:01 AM, 31st October 2024, About A day ago

Text Size

With all private rented sector properties needing to meet EPC C targets by 2030, many landlords are under financial pressure.

More than five million rental properties will need to be upgraded to meet energy-efficiency targets which could cost landlords thousands of pounds.

In response to the upcoming regulations, a new AI tool called Eco-Landlord, supported by the Department of Energy Security and Net Zero’s Green Home Finance Accelerator, claims to offer a free service aimed at helping landlords achieve energy efficiency targets.

How does Eco-landlord work?

The pilot service, created by Property Master — the UK’s first digital buy-to-let mortgage broker —lets landlords check the current EPC ratings for all their properties.

It features an AI-driven tool that verifies the accuracy of these ratings and helps in developing a retrofit plan for necessary improvements to the property.

Eco-Landlord will also help landlords find potential grants available to them, connect them with local installers who have the right skills, and explore mortgage and financing options.

After the property has been upgraded, a new EPC will be assessed to verify the effectiveness of the improvements.

EPC regulations present a challenge for landlords

Commenting on the launch, Angus Stewart, CEO of eco-Landlord, said: “We understand that the new EPC regulations present a challenge for landlords, especially those managing multiple properties.

“By offering a comprehensive platform that consolidates everything from energy assessments to finding reliable installers and financing options, we aim to make the process as simple and stress-free as possible.”

Over the next few months, the service will be further enhanced to allow any mortgage broker to refer their clients into the system and if a mortgage need is identified that lead will pass back to the referring broker.

More information can be found here


Share This Article


Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Automated Assistant Read More