As we move forward into 2024, there seems to be a sense of optimism in the air. With UK inflation on a downward trend, the Bank of England (BoE) keeping the base rate at 5.25%, and several significant sporting events on the horizon, including the Men’s UEFA Euro football tournament, the T20 Cricket World Cup, …
Why is it crucial for landlords to continue their EPC improvements efforts?
Following the recent announcement by Prime Minister Rishi Sunak that homeowners and landlords will no longer be required to improve the energy efficiency of their properties to a minimum rating of C or above, many landlords may be questioning their plans to improve the EPC rating on their rental properties. However, in our opinion, landlords …
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Benefits to Landlords of keeping and attracting quality tenants.
Quality tenants are the backbone of any successful rental property business. They pay rent on time and take better care of the property, resulting in fewer problems. But with landlords under pressure to increase rents during the ongoing cost-of-living crisis, how can landlords ensure they maintain their longstanding, quality tenants? To successfully navigate this challenge …
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A Take on the Specialist Green Mortgage Market
According to a government report1, the housing in the UK is among the oldest and least energy-efficient in Western Europe. The report states that around 19 million homes in the UK lack energy efficiency, and there are several reasons for this. Firstly, a large proportion of homes in the UK use gas boilers for heating, …
Top 10 considerations for landlords purchasing their first HMO or MUFB
If you have a landlord client who is looking to purchase their first House in Multiple Occupation (HMO) or Multi-unit Freehold Block (MUFB), there are several important factors they should consider: 1. Licensing Requirements Depending on the location of the property, landlords may need to obtain a license from the local council to operate an …
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Brokers are crucial in helping landlords find the right green mortgage.
In a speech on the 19th April at the London Institute of Banking & Finance Mortgage Conference, David Geale, the FCA’s Director of Retail Banking highlighted that green mortgages have a growing role to play in decarbonising the UK’s housing stock. He also sees brokers playing a pivotal role in helping borrowers navigate a complex …
Brokers are crucial in helping landlords find the right green mortgage.Read More
CHL Mortgages has the EPC improvement mortgage solution
A recent survey of 500 landlords* found that 59% would exit the market if the expected deadline of 2028 to upgrade properties to a minimum EPC C rating is introduced. This new legislation could make it challenging for landlords to purchase additional buy-to-let (BTL) properties or upgrade existing properties which require works to be carried …
CHL Mortgages has the EPC improvement mortgage solutionRead More
Energy efficiency benefits for all
The ongoing Energy Price Cap continues to save consumers around 30% on their energy bills. However, food price inflation and the overall cost of living is still on the rise and tenants carry the additional burden of being unable to achieve the energy-efficiency related home improvements that many homeowners are pursuing. Further to this, landlords …