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  • Energy Efficiency: is it time to act?

Energy Efficiency: is it time to act?

17 May 2023

Improving the Energy performance of a rented property is beneficial for the tenants and the environment, and at Rent Happily, we have successfully helped our landlords improve their properties at a reasonable cost.

The impact of the coming regulation

The Minimum Energy Efficiency Standards (MEES) change has been postponed, and the new legislation hasn't been published yet.

If you want to rent a property in Bristol, the new EPC regulation will apply. However, when confirmed, the upgrade is only expected to take effect in 2028, and by then several factors may play in favour of landlords:

  • Energy prices going down would bring EPC grade up, rather than down as we have seen over last winter.
  • Favourable rental market promoting investment in the sector rather than deterring it.
  • New insulation technology making the transition easier and/or cheaper.
  • The EPC minimum grade is not yet set in stone and may require a minimum D instead of C.
  • Funding is already available to finance the cost of improvements through Green Deal for instance, and more credit lines might be opened.
  • The list of PRS exemptions applicable may vary and allow greater scope for exemptions, including the cost cap for substantial improvements.

Last but not least, improving the MEES of a property rises its value, so it should be seen as an added asset rather than a cost.
All in all, the rules may still change, and the scenario for improvements may adapt, so we recommend taking action slowly.

How to get ready in times

As a letting agency, we have helped many landlords improve the energy efficiency of their property gradually, with little impact on their revenues. Instead of raising the alarm, let's improve what can be improved today, and wait until the need arises to adapt to the changes when and as required.

Boris Drappier

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  • I had been lucky enough to find Rent Happily to let my flat; the quality of the service I received from the very beginning is second to none, understanding and always showing integrity. Due to the professional approach and client care, I feel very glad to have had my property managed by Rent Happily for over four years.  I know my tenants are happy and my property is looked after. Thank you for being such a great team!

    Liz M. Happy Landlord
  • I have only ever had good experiences with Rent Happily. The team are friendly and helpful, they treat us with respect and I've always felt like they value us as tenants. Not something I've come to expect from an estate agent! Thanks for being the kind of estate agent I am happy to write a testimonial for!

    Zoe R. Happy Tenant
  • Over the last three years of renting through Rent Happily, my rental experience has been a very positive one. Always very quick to respond whenever needed. Thank you!

    Charlotte B. Happy Tenant
  • This is our first let with Rent Happily. We have used numerous letting agents in the past and we are amazed by how much better in every department this agency is. The level of organisation and efficiency is fantastic. They really know their stuff and are on top of all the legal, financial and practical details. Their systems work and they are responsive to concerns and queries. The tenant selection process is based on finding a good fit for the landlord, the tenant and the property. The commitment to treating both tenant and landlord fairly is something we far prefer given the lack of ethical standard commonly seen in this business. This approach really takes the stress out of letting out a property. These are qualities we did never expected to find in this business and so we feel very lucky to have found Rent Happily.

    Margot Y. Happy Landlord
  • We have been extremely impressed with the service offered by Rent Happily; they're very prompt and professional when dealing with us or with the tenants and ensuring that we are adhering to regulations. I really wanted to emphasise how great you guys are without going OTT. Surely the best letting agency in bristol!

    Angela and Leroy G. Happy Landlords
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