You may be aware of the proposed changes to EPC requirements on Buy-To-Let property under the Domestic Properties (Minimum Energy Performance) Bill.
The proposed Bill requires that all new tenancies must be on a property that has an energy efficiency performance of at least EPC Band C from 31st December 2025, and all existing tenancies must be at least EPC Band C from 31st December 2028 where practical, cost-effective and affordable.
Skipton has confirmed that it will be taking a proactive approach to ensure its customers are able to meet the future EPC requirements.
With effect from 3 May 2022 the Bank will only be lending against UK rental properties with an EPC rating of A to D, and only where the D rated properties have the potential to improve their EPC rating to C.
Should you have any questions regarding the above, please do not hesitate to contact any member of the Mortgage Sales team on 01481 734000.
