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Hi Martin, I too am a Chartered Surveyor Landlord and also a Managing Agent for a small medium size portfolio (1500 units) for about 30 years . Whilst I agree with a lot of your response I must take issue about EPC being fit for purpose. In my experience, EPC's ARE NOT FIT FOR PURPOSE , the main problem lies in the tick box way they are reported, I often see EPC's which are simply wrong. As An example on one of my own properties the Assessor failed to notice my flat was fitted with fairly new Double glazing and then recommended it, she also assumed the loft insulation to be 100mm but did not look in the loft to see it was over 300mm! when challenged the answer was "oh its on the drop down menu" the qualification process is so basic and simple it allows anyone with only the very basic knowledge to complete it . I carry out RICS homebuyer reports and on three/four times out of ten there's something I disagree with . its true about tenants failing to properly heat their properties but thats not the point. I note you contend "The energy assessors I use for my properties are highly professional, attend regular training up-dates, and are routinely & thoroughly audited by the Government." - you are very lucky . I feel the estate agents putting forward EPC assessors don't care about these things, only the bottom line . I tackled another EPC assessor who complained they only received £40 per assessment. There are some properties especially older ones in London that cannot be raised up to a C unless tens of thousands are spent which no landlord will do. Is demolition a better prospect ?
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From: Charles Reynolds
14 August 2023 12:57 PM