Ridgewater Energy
Helping landlords reach Minimum Energy Efficient Standards
Helping landlords reach Minimum Energy Efficient Standards Location – St Catherines Parade, Christchurch. We were asked by the managing agent and leaseholder of this maisonette to help them get the EPC rating of the property up to an E or above, as it was a G rating and soon it would become unlawful to let without improvements. Firstly we carried out a survey to determine which measures might be possible, before arranging technical surveys for cavity wall, loft, room in roof insulation and central heating. In order to ensure we got the best value for the owners of the [...]
Read MorePeter saves £370 a year from his Green Home Improvements!
Peter’s fixed rate mortgage came up for renewal in July 2019, as part of the process of investigating new rates for the remortgage, he was also keen to make further energy efficiency improvments to his home. Peter firstly spoke with his local mortgage broker ‘Cherry Mortgage and Finance’ to determine which lenders might look favourably on borrowers looking to make green upgrades. Due to the brokers experience looking at similar cases, he knew which lenders to approach first and who could offer their best rates for additional borrowing. The Measures Once a lender was identified, Peter started obtaining quotes for [...]
Read MoreWhat if I don’t comply with MEES?
Check if your property is affected If a landlord fails to comply with the new MEES regulations, they risk a financial penalty. The penalties depend on the length of the breach: Less than three months in breach: A landlord renting out a non-compliant property may be fined up to £5,000 or 10% of the rateable value (whichever is greater), capped at £50,000. Three months or more in breach: A landlord may be fined up to £10,000 or 20% of the rateable value (whichever is greater), capped at £150,000. Other fines: A fine of up to £5,000 may be issued for [...]
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