by Daniel Jones
Many landlords' properties still have no energy performance certificate (EPC) and they are potentially breaking the law, a survey has found.
Since October 2008 it has been a legal requirement for property owners to have such a certificate available to potential tenants when they advertise a dwelling for rent.
Despite this law, during the fourth quarter 45.6 per cent of landlords had not obtained an EPC for any of their rental homes, research by Paragon Mortgages has revealed.
There has been an improvement over the third quarter, during which a vast majority of landlords (81.3 per cent) said that they had not obtained an EPC for any of their properties.
The quarter-on-quarter improvement suggests that landlords are merely waiting until a new tenant is required before obtaining an EPC and updating their tenancy agreement, rather than neglecting their duties.
During the fourth quarter, 12 per cent of landlords had an EPC certificate for every property in their portfolio, compared to 5.2 per cent in the third quarter.
"Whilst this shows an improvement in compliance, it underlines the need for a sustained communication campaign by government," Paragon Mortgages said.
Published on: February 5, 2009