How to avoid MEES 
With the latest stage of the Minimum Energy Efficiency Standard coming into affect on 1st April we are being asked by Landlords if they have to comply or if they can ignore it.

So we are creating some guides for our YouTube channel and will be holding some briefing sessions, details will be announced soon.

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Minimum Energy Efficiency Standards (MEES) 
Minimum Energy Efficiency Standards (MEES)

From April 2016, The Energy Efficiency (Private Rented Property)(England and Wales) Regulations 2015 will bring into force minimum energy efficiency standards (MEES) in the residential and commercial private rented sector.

The earlier landlords act, the more time they will have to ensure their housing stock is up to the required standards, especially in the case of commercial properties where change can take significantly longer to action.

Essentially Landlords with an Energy Performance Certificate (EPC) Rating below an E will be required to undertake work to improve the energy performance of the property; those who do not could face heavy penalties. Key dates below underline when the regulations will be enforced, with the regulation scope expanding over a 5 year period.

Key Dates

Key dates below underline when the regulations will be enforced, with the regulation scope expanding over a 5 year period.

1 April 2016
ALL domestic tenants have the right to request energy efficiency improvements to their properties. This applies to domestic properties let under longer term assured and regulated tenancies. Landlords will be unable to refuse consent to a tenants request to make energy efficiency improvements.

1 April 2018
It will be unlawful to grant new leases of residential or commercial property with an EPC rating below an 'E'

1 April 2020
The regulation will expand to apply to ALL residential privately rented property which are required to have an EPC.

1 April 2023
this will be extended to include ALL existing commercial leases.

Recent figures released by DCLG underline the scale of those who will be affected by MEES with 20%-25% of residential and commercial properties in England and Wales hitting or falling below the Minimum Energy Efficiency Standards.

The government has also declared their wish to raise the standard further such that the minimum standard is likely to rise to a D rating by 2025 and a C rating by 2030.

Landlords and their agents should act now by commissioning an up-to-date Energy Performance Certificate which will identify the current rating (which may have changed over time), and recommend opportunities for improvement.

Full details of The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 can be found here


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Green Deal Finance is Back 
Greenstone Finance and Aurium Capital Markets (“Aurium”) have bought the business and assets of the Green Deal Finance Company (“GDFC”).

GDFC will continue to service the existing Green Deal loans and will commence financing of new Green Deal loans in Q1, 2017.

Green Deal finance is a highly attractive offer because it allows consumers to meet the upfront costs of installing energy efficiency measures by providing a fixed interest rate over the lifetime of the finance plan. The key feature of the finance scheme is that the repayment of the loan is made with the customer’s energy bill and so can be managed more easily as the bills should be lower as a result of the energy savings made from the installation of the measure. In addition, Green Deal loan repayments are attached to the property, not the individual, and this means consumers can make the energy efficiency improvements without having to worry that they will be left with a loan to repay if they leave the property. Full details can be found on the GDFC website

This is great news for the rental market with the latest stage of the Minimum Energy Efficiency Standards (MEES) coming into effect soon.


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GDHIF Phase 2 
GDHIF Phase 2 opens for applications today

There are some changes to the scheme, the main ones are:-

A quote is required with the application
EWI/IWI funding reduced to 67% up to maximum of £4,000
Homemover bonus of £500 retained
GDAR refund of £100 retained
Voucher valid for 6 months
Proof of ownership needed for Landlords
Voucher redemption through a new claims portal
Payment 20 days from voucher redemption, subject to conditions.
PAS 2030 claim of conformity required, not declaration of conformity
Must issue applicant with an Invoice within 10 days of completion
New Scheme Participant Declaration


Details of phase 2 are here:- https://www.gov.uk/government/news/green-deal-home-improvement-fund-details-announced?dm_i=150D,31DVM,G7EKEY,AX6LE,1

Funding is likely to be allocated quickly but there will be nearly £200 Million next spring if anyone misses out.





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Addition £100 Million of funding is to be released for GDHIF 
Hi

DECC have announced an addition £100 Million of funding is to be released for GDHIF.

There will be some changes to the rules and I have been invited by DECC to help decide these next week.

They are hoping to have the new scheme set up by the end of November.

I will keep you informed.

Kind Regards
Carl

My Home Survey Ltd
7 Delaine Close
Bourne
PE10 9LP


01778 394188
07979 601815

carl@homesurvey.eu


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