The United Kingdom (UK) government is offering grants to landlords that it helps will encourage more of them to make renovations to their properties that will help conserve energy. A report from the National Landlords Association (NLA) states that 51% of landlords have made energy-saving modifications to at least two of their properties and the hope is that programs like Warm Front, the Community Energy Saving Programme and the Carbon Emissions Reduction Target will result in more changes. Reps for the NLA argue that the UK will not be able to hit projected energy-saving targets without cooperation from landlords, which has compelled action in the form of grants. For more on this continue reading the following article from Property Wire.
UK private property landlords are actively working to improve the energy efficiency of their properties, according to the National Landlords Association’s latest survey.
Some 51% of landlords have made energy saving improvements to two of their rental properties and a further 12% of landlords have made improvements to five or more of their properties, it shows.
Energy grants, including Warm Front, the Carbon Emissions Reduction Target (CERT) and Community Energy Saving Programme (CESP) are available until 31st December 2012. In light of this time restraint, the National Landlords Association us urging landlords to utilise this green funding whilst they can.
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The current energy saving schemes will be replaced with new government initiatives; the Green Deal and ECO, which are due to launch in October 2012.
‘The private rented sector has a key role to play in ensuring Britain meets its energy targets and so it is important that we make use of the funding available. Furthermore, it is imperative that landlords future proof their properties and their investments,’ said David Salusbury, chairman of the National Landlords Association.
‘If landlords don’t act now, they may find their property cannot be legally let come 2018 under the new legislation. With money left in the pot for the existing schemes, it’s important that landlords and tenants alike take advantage of the funding whilst it’s still available. It’s free for landlords and saves tenants money on their energy bills’ he added.
An example is Marion Money who has made energy improvements to seven of her properties using Warm Front grants for central heating systems and insulation together with loft insulation and draught proofing measures using the CERT funding.
‘I am quite passionate about energy efficiency. It benefits my tenants as they receive added value and cheaper energy bills. In fact, one of my elderly tenants was really delighted by the increased warmth and comfort provided by the central heating and insulation installation,’ she explained.
‘And it’s not just my tenants who benefit as I am protecting my investment for the future. I would definitely advise other landlords to do the same,’ she added.
This article was republished with permission from Property Wire.