Despite the government’s decision to abandon minimum energy efficiency standards (MEES), many landlords are still investing in greener properties.
According to research by Paragon Bank, 37% of portfolio landlords are actively upgrading their properties to achieve an Energy Performance Certificate (EPC) rating of C or higher.
This comes after the government scrapped plans last year that required all rented properties to have a minimum EPC rating of C by 2028.
The research also found that nearly one in three landlords (32%) already own properties that meet the previously proposed EPC C standard.
However, 16% of landlords are waiting for renewed government emphasis on energy efficiency before making improvements, and 10% say the scrapped regulations won’t affect their strategy.