How Eco-Friendly Are Thanet Homes
12/06/2021 12:00 AM 1
And how new Gov’t rules will mean draughty low-eco Thanet homes will drop in value


‘It’s Not Easy Being Green’, was the song that Kermit sang on Sesame Street.


Yet now being green is a normal way of life for most of us. Walking or cycling places instead of taking the car, recycling and even shunning meat are some of the things most Thanet households are trying to do their ‘bit’ for going green.

Our conduct may have improved but when it comes to our Thanet homes, there is still a long way to go. It is estimated around a fifth of carbon emissions come from home energy usage (nearly three-quarters from heating and lighting). The country is releasing 37% less carbon into the atmosphere than in 1990, yet we have legally binding targets to hit 100% by 2050 — and the Committee on Climate Change has stated the UK will need to eradicate greenhouse gas emissions from homes to meet that target.

Landlords were hit first because since April 2018, the Minimum Energy Efficiency Standards (MEES) regulations with regards to eco-friendliness of the rental properties have required all rental properties to have a minimum Energy Performance Certificate (EPC) rating of ‘E’ or above otherwise it is illegal to let out a property, bar a couple of exceptions. This has meant Thanet landlords have had to spend many thousands of pounds to improve their rental property’s EPC rating (an EPC rating ofA’ being the best eco rating through to a ‘G’ for the worst – just like washing machine or fridge ratings).

But new Government plans could hit Thanet homeowners in the pocket as well.

The Government is planning to force banks and building societies to penalise people wanting a mortgage of draughty low-eco homes with an energy performance certificate (EPC) rating of D or lower. For those properties not hitting the correct level of EPC rating, it is suggested some form of levy will be placed on the mortgage provider, who in turn will pass that on to the home buyers in the form of higher mortgage payments. Some are describing this charge as an ‘eco-mortgage levy’.

Just over 6 in 10 (62.5%) homes in Thanet would be hit by this ‘eco-mortgage levy’, thus potentially reducing the value of those homes.

Interesting when you compare this with the national average of 60.6%.

In real numbers, 39,504 homeowners and landlords in our local authority area would either struggle to get a mortgage from a bank or building society or it would cost them more because they were a ‘D’ rating on their EPC or below.



Looking at the stats broken down for Thanet:

·      69 properties are classified as A on the EPC register
·      4,388 properties are classified as B on the EPC register
·      19,294 properties are classified as C on the EPC register
·      25,294 properties are classified as D on the EPC register
·      10,436 properties are classified as E on the EPC register
·      2,797 properties are classified as F on the EPC register
·      977 properties are classified as G on the EPC register


So, what can Thanet homeowners and landlords do to improve their EPC rating?


Well surprisingly, it need not cost a lot to improve the EPC rating of your Thanet home. One of the most inexpensive ways to help improve your Thanet home’s energy efficiency is low energy light bulbs with an estimated cost of just under £40 per UK property. Other efficiencies can be gained by insulating your hot water cylinder, draught proofing any single glazed windows, increasing your loft insulation and upgrading your central heating controls, all of which can be done for a total of around £750 to £850 per property.
 
If you want to know the EPC rating of your home, either google the phrase ‘EPC register’ or send me a message and I will find out for you.
 
Finally, as Kermit famously also said, “Life's like a movie. Write your own ending”. If you are a Thanet homeowner or Thanet landlord, why not look at your property’s EPC rating and look at the recommendations. You are going to have to spend the money sometime, so why not do it now and enjoy lower energy bills and when you come to sell, you won’t be penalised ... a win-win situation for you and the planet?
 
 

1 Comment

Loft Insulation
Reply
25/06/2021 04:10:58
Very good article. Thank you for letting us know about this.
Add Reply

Leave a comment

Add Comment

Search

Categories

#Internet1 #Landlord1 #Letting1 #Tenants1 202137 202262 20501 Advice90 Ai1 Airbnb2 Alarm1 Amazing Apartment1 Aprilfool3 Beaches1 Bitcoin2 Brexit2 Broadstairs6 Builders2 Building3 Bungalow1 Buyer1 Buyi1 Buying45 Buytolet17 Celebration2 Charity2 Children1 Christmas4 Cleaning2 Community4 Compromise1 Conveyancing1 Costs1 Council1 Covid 194 Crash1 Crime1 Customers18 Debt1 Decore1 Deposits1 Developers4 Divorce1 Diy4 Education1 Emptyhomes1 Energy3 Epc3 Eu1 Eviction1 Financialservices8 Firsttimebuyer1 Flat1 Follow The Sun1 Football1 Forsale1 Fun11 Furnished1 Future3 Gadgets1 Garden1 General26 Golf1 Govenment1 Green1 Happyeaster1 Help2 Helptobuy2 Helptosell1 Holiday2 Home Automation1 Homeimprovement6 House3 Houseplants1 Houseprices5 Housing1 Illegal1 Inflation3 Insurance1 Interestrates1 Interference1 Investment10 Kindness1 Landlord52 Landlords1 Legislation12 Letting18 Limited1 Local3 Love1 Maintainance5 Management4 Mentalhealth2 Modern1 Money1 Mortgages9 Movingtips13 Mumanddad1 Negatives1 Negotiation1 New Builds4 Newbuild1 Newhome1 Newnormal2 Older1 People1 Pets1 Planning1 Portals1 Price1 Prices3 Profit2 Property2 Ramsgate5 Redtape1 Relax1 Relocation1 Remortgage2 Rented2 Renting2 Rents10 Repairs4 Rightagent1 Risingprices1 Rubbish1 Safety1 Save1 Savemoney1 Scams1 Schools1 Seaview1 Security1 Selling58 Service2 Sizematters1 Sofew1 Sold3 Spain1 Spare Room1 Statistics21 Stats4 Stress6 Success1 Tax3 Team1 Tech2 Tenancy2 Tenant9 Thanet16 Thankyou1 Time1 Tips3 Tory1 Tour1 Trends8 Unfurnished1 Unique1 Vendor23 Windows1 Working1 XMAS8

Tags

#202212 #Landlord2 #Nationalgardeningweek1 #Nationalgardeningweekj0 #Tenant2 20204 2021148 202261 20501 24 Hours1 7 Days1 Abroad1 Advice102 Aerialtour1 Airbnb1 Aprilfool2 Arrears2 Award1 Bestpractice1 Bitcoin1 Brexit5 Broadstairs8 Budget1 Bungalow1 Buy3 Buying6 Buying Process1 Buytolet5 Capital Gains3 Charity2 Children1 Chocolate1 Choosing1 Christmas8 Cleaning7 Community1 Condition1 Congratualtions1 Cooke & Co8 Councilhouse1 Covid 198 Crash1 Crime1 Customerservice14 Debt1 Decore1 Developer3 Development3 Divorce1 Diy1 Dogs1 Dss1 Electricity1 Eliots Close1 Emergency2 Energy4 Epc2 Eu1 Eviction1 Family2 Figures1 Finance2 Firsttimebuyer6 Forecast1 Forsale1 Fraud1 Friends1 Fun11 Future1 Garden4 Gas1 Gen1 General12 Good News1 Goodestateagent1 Green1 Guarentor1 Handytips2 Happyeaster1 Happynewyear1 Help1 Helptobuy1 Historicprices2 Holidayrent1 Home1 Homeowner10 House Prices21 Houseplants1 Houseprice8 Inflation6 Insurance1 Interest1 Internet1 Investment9 Kids1 Land1 Landlord63 Landlords1 Legislation12 Letting4 Lifetime Deposit1 Limited1 Local3 Love1 Maintain1 Maintainance1 Margate6 Marketing1 Mature1 Mentalhealth3 Mortgage9 Moving2 Mulitigenerational2 Negative1 Newbuild3 Newnormal4 News1 Notice1 Online1 Paperwork1 Parents1 Pets2 Planning2 Portals1 Pricerise1 Prices1 Profit1 Property6 Ramsgate6 Referb1 Reference1 Relocation1 Rented1 Rents14 Reolutions1 Repairs4 Review2 Rightmove1 Safety1 Scams1 Schools1 Security1 Sell1 Selling36 Selling Process2 Selloff1 Shopping1 Sizematters1 Sold3 Solicitors1 Spain1 Special1 Spring7 Stats4 Staycation1 Stress2 Supply1 Support1 Tax2 Team1 Tech3 Tenant7 Tenants0 Terraced1 Thanet32 Time1 Tips6 Trends2 Valentine1 Valuation2 Vendor13 Whychooseus2 Windows1 Winter3 Xmas6