A new survey suggests that only four per cent of tenants and landlords are aware of the new Minimum Energy Efficiency Standards being introduced in just a fortnight’s time.
On top of that just 30 per cent of people knew the Energy Performance Rating of the property they rented or let out, and fewer than five per cent have ever taken steps to improve the energy efficiency of their property.
The survey, by specialist insurance firm Just Landlords, also reveals that low numbers of people are aware that there will be a £4,000 fine if a newly-let property is found to have an Energy Performance Certificate rating below E after April 1.
The firm says that according to the latest figures from the Office of National Statistics, in 2017 some 64,092 lettings property EPC ratings were designated below an E.
“The lack of awareness around this key legislation is astounding. Landlords and tenants need to know what their EPC rating is, as it could not only help them avoid a fine, but also could save them large sums of money” says Rose Jinks, on behalf of Just Landlords.
“The fact that our survey found that less than four in 10 people in the market are even aware of how improving your EPC could save them money is shocking.”