01 Apr 2019
Leasing Director, Adrian Sangster is back with another round up of the latest news that will impact Landlords around the country.
The Scottish Government are introducing changes to the minimum EPC requirements, which are due to come in next year for properties in the private rented sector.
It’s expected that draft legislation and guidance will be published for consultation by the end of May. Regulations are then expected to be laid before parliament in the autumn to introduce the following minimum requirements:
There will be exemptions (technical, legal, social or excessive cost) available in some cases, and these are likely to be:
The Scottish Government have indicated that a new loan scheme will also be developed for landlords to cover this outlay.
Separately the government has recently published a new consultation on plans to bring forward proposals for all properties in Scotland to have an EPC rating of C where it is cost effective and technically feasible.
Part of this consultation seeks views on requiring private rented properties to have an EPC rating of C at change of tenancy from 1 April 2025. If you wish to take part in this consultation you can do so at https://consult.gov.scot/better-homes-division/energy-efficient/
The government has already consulted on plans to require all properties to have an EPC rating of C by 2040, with social housing already on track to meet that standard by 2020; an aim for all PRS properties to meet that standard by 2030, and for owner-occupied properties to meet it by 2040.
Aberdein Considine recently launched a major new service available our fully managed landlord clients - Guaranteed Rent Payments.
Landlords who instruct this service will:
We are working in partnership with our referencing partner Van Mildert to deliver this service and it will be available for all new tenancies where the tenant has passed their reference checks.
The cost for this is service is only £25 + vat per month for each tenancy which we believe is a small price to pay for the peace of mind that landlords will always receive their rent and that any legal costs will also be paid.
Financial services - a free consultation is available for all landlords with one of Aberdein Considine’s independent financial advisers to discuss any of the following:
Further details available at https://www.acandco.com/financial/for-you or by contacting our letting & property management team.
Legal – a free consultation is also available to meet with one of Aberdein Considine’s specialist lawyers to discuss:
Further details on all these services are available at https://www.acandco.com/legal/for-you or by contacting our letting and property management team.