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Warnings of Rising Rents Due to New Energy Rules

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Mandy St John Davey, one of the UK’s best known female property investors, is warning UK landlords they need to act now to stay on the right side of the law when it comes to energy efficiency in their properties.

She also believes new rules mean rents could rise across the country as landlords fail to absorb the financial impact of multiple changes in rules and legislation over the last year.

“With constant changes to the private rental sector and the uncertainty of the impact of the April 2017 tax regime and current legislation, it is likely landlords will have to increase rents.

“Many are already challenged or frustrated by the impact of these changes will consider leaving the market altogether.  This will create an even bigger housing shortage.”

On the tenth anniversary of the introduction of Energy Performance Certificates (EPCs), she’s warning landlords nationwide that the rules change next year which could mean renting out their properties is illegal from April next year.

A decade ago, on August 1 2007 EPCs were introduced to demonstrate the energy efficiency of a property. The report was originally part of the unsuccessful HIP packs which were then required before you could sell your property.

Although the HIPS failed the EPC remained in place and today it’s a necessary certificate whenever you buy, sell or rent a property. The life of an EPC is ten years and so August 1 marked  the expiry date of many of those first certificates.

For landlords, it’s a legal requirement to provide a tenant with an EPC when they take out a tenancy. Failure to do so leaves a landlord unable to serve a Section 21 notice should he or she ever need to vacate tenants.

Mandy said:

“There are even more changes on the horizon.  As of April 2018 all private rental homes must have a minimum Energy Performance Rating of E or it will be illegal to rent out property.  Any homes rated F or G must be improved or will not be able to be rented out legally, with landlords potentially facing a £5,000 fine.”

Mandy is warning fellow landlords and property owners to check their ratings and take action. According to figures from a recent Residential Landlords Association survey spending on energy efficiency improvements has averaged £6,780.

“The rules applies to new tenancies and renewals, however, it will be extended to existing tenancies by April 2020,” said Mandy.

Mandy, who bought her first property aged 18, now has a multimillion pound portfolio in Wales and abroad and is an advocate of best practice in the sector. She’s a member of the South Wales branch of the UK Women In Property, a mentor with the Princes Trust as well being a professional mentor with start-up property developers and business owners. For further information visit www.mandystjohndavey.com

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Fiona Scott is a journalist, media consultant, videographer and tv producer/director. She has worked in the media for almost 30 years including working for ITV, BBC & Comic Relief.

Some of the programmes she’s managed include multiple regional award-winning current affairs series West Eye View, political show The West This Week, antiques and collectibles shows The Bargain Hunters and Beat The Dealer. On the national stage, she’s worked on The One Show and Flog It! She’s also often a guest producer for ITV Wales and she won the award for the Best Regional Television Feature in the British Asian Media Awards 2013.

After setting up her media consultancy in 2009, she’s offered media advice to many companies both large and small including Wiltshire Fire & Rescue Service, Kream London, Systemagic, John Williams Heating Services, Medikas, Sinclair Pharma, Galderma, Haines Watts Swindon, Sales Coaching Solutions and Bevirs Solicitors.

(She was also part of the team who helped raise the profile of the biggest cooperatively owned solar park in Europe – Westmill Solar Cooperative, Oxfordshire. As a result £6 million in community shares was raised in six weeks – the target was £4 million.

Today as her business is growing she works with associate writers and media professionals offering a range of different ways to tell stories and share news, which can be tailored to budget and need. All of her associates act under her guidance and direction.

Her approach to PR is to act as a journalist using strategy behind story-telling – with contacts and skills to gain credible and valuable editorial, advertorial or paid-for advertising for a business or individual on and offline.

Outside the work environment, Fiona is married to Steve and they have four children, three girls and a boy, ages ranging from 22 to eight. She’s a huge fan of reading and of the cinema, a film addict. She has a passion for antiques and collectibles and is an avid bargain hunter especially for things which are quirky or interesting. She loves local history and has researched her own family history back to the 1100s. She has a number of celebrities she’s worked with who are now friends. Ethically she believes in honesty and truth – even if that truth is difficult. Her family are her top priority in all of her life decisions.

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