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EPC (MEES) deadline.

January 13th, 2018

Many landlord needs to be prepared for the 1st April 2018. It’s when new-to-market investment properties need to meet new Minimum Energy Efficiency Standard (MEES). It will actually be illegal to let out a new property if its EPC rating is lower than an E, so both landlords and agents will need to check EPC ratings with care.
As for existing lets – those that are already in the market – there’s another date to watch. From April 2020, all buy-to-lets will need to meet the new MEES standards. It’s worth examining the EPCs of your managed buy-to-let portfolio now so you can identify properties with F and G EPCs and flag the issue up to landlords. This gives them two years to get the energy standards up to scratch and book a new EPC for a reviewed rating.
Two years may sound like a long time but in terms of accessing a rented property to carry out potentially major and disturbing works, it’s important to have as much notice as possible. If letting agents aren’t actively working with landlords, they may face losing stock because it has become illegal to let.


Letting agents worth the fee?

November 10th, 2016

Buy-to-let investors have traditionally had two choices when it comes to finding tenants and managing properties – pay a letting agent a sizeable fee or do it themselves.

Lettings agents will typically offer a “let-only” service, where they will find, interview and vet tenants, do the paperwork and take the deposit and first month’s rent for a fee of around £600 plus VAT. Then there is a “full management”service, which can cost 10 per cent of the rent or more. Here, the agent will continue to collect rent and deal with the day-to-day running of the property.

An agent’s services can be essential for landlords who have properties far away or a large portfolio to manage. But for those seeking a more hands on approach, Railton-Meeks can offer a more bespoke option to the landlord, see our list of services in our management section.

Happy to discuss your personal requirements.

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