Buy To Let investors must factor in Labour’s stricter energy rules

Buy To Let investors must factor in Labour’s stricter energy rules


Todays other news
Prices and sales volumes will grow in 2025 despite the...
A so-called 'Quick Buy' company claims growing business from investors...
This is the fastest growth rate since November 2022 and...
Hotel brands still dominate, but the sector is expanding into...
The big question mark remains over US luxury property resilience...


New buy to let investors are being advised to factor in the costs of stricter energy rules if Labour wins the General Election next week.

In recent days the party has stepped up its programme clamping down on what it calls “unscrupulous landlords strangling growth.”

Specifically this means ending bidding wars, capping upfront payments to secure properties, and requiring all landlords to make their properties EPC rating C or above by 2030.

Last autumn Prime Minister Rishi Sunak ditched EPC targets for the private rental sector, citing unreasonable costs for landlords.

Building on broad pledges contained in the Labour manifesto, the party now says private renters will be £250 a year better off under a Labour government after it forces landlords to improve the energy efficiency of rental homes.

Private landlords would no longer be able to auction rented homes to the highest bidder and requests for upfront rent will be capped, although it is not clear at what level.

This is in addition to existing commitments on Section 21 and other rental regulations.

Labour deputy leader Angela Rayner, also shadow housing secretary, says of her party’s latest pledge: “Time and time again, the Tories have failed to stand up for renters. From endless delays to no-fault evictions, to failure to sort damp, cold and mouldy homes, the Conservatives are failing working people.

“Labour will call time on a decade of Tory vested interest and put renters first. An affordable, secure private rented sector is vital for economic growth, allowing young people to save for a mortgage with more money in their pockets to spend in the day-to-day economy.

“Our plans will support good landlords but we are calling time on unscrupulous landlords strangling growth.

“Labour will take action to protect renters, with an immediate ban on no-fault evictions, an end to rental bidding wars and extended protections against damp, mould and cold.

“The only real way to make renting more affordable is to build more homes, that’s why we have a plan to build 1.5 million homes over five years as an antidote to Britain’s failing private rented sector.

“Renters will be better off with Labour.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The choice of holiday let deals is on the rise....
Barclays Property Insights data shows the top 10 attributes that...
A slew of lenders have slashed rates on their buy...
On July 3 the National Landlord Investment Show returns to...
The Budget has forced a revision of forecasts for the...
There’s a warning that over 130,000 commercial properties are ‘at...
The Budget next week could spell financial shock for investors,...
Recommended for you
Latest Features
Prices and sales volumes will grow in 2025 despite the...
A so-called 'Quick Buy' company claims growing business from investors...
This is the fastest growth rate since November 2022 and...
Sponsored Content
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...
Property investors, This one's for you. Lendlord's latest Deal Analyser...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here