Why You Need An EPC
When Selling Your Property
The government passed legislation that states anyone wishing to sell their property must have ordered or possess an EPC when the property goes on the market. Your estate agent is required to upload this EPC within 28 days of the sale's commencement date. There is currently no minimum EPC rating required for the sale of a property, unlike if you intend to rent the property. An EPC is required for the transaction to be completed when selling - therefore this includes transferring a property from a pension fund or passing property to your relatives etc.
When Renting Your Property
If you wish to rent or lease your property you, as the landlord, must ensure that an EPC is available for any potential tenant to look at. As of April 2018, it is unlawful to let a property in the UK with an EPC rating below an 'E' (unless an appropriate exemption is registered). Where the landlord has failed to comply with the Compliance Notice this could lead to a fine up to £2,000 and/or a Publication Penalty. The legislation, Minimum Energy Efficiency Standards (MEES) can have a major impact on your property portfolio, so feel free to call the team to discuss this in further detail.