Most owners of older properties aren’t aware of where they need to undertake energy efficiency improvements for their properties.
The majority (79%) with properties built before 1900 accept they need to make changes to cut their carbon footprint, but most (57%) don’t know what improvements are needed, Together research shows.
Surprisingly a fifth (21%) are completely unaware of the need to adapt their properties.
Subject to a government consultation, landlords’ properties must have an Energy Performance Certificate (EPC) rating of at least C from 2026 for new tenancies, and by 2028 for existing tenancies.
The government has also committed to reaching net zero carbon emissions by 2050.
Scott Clay at specialist lender Together, said: “Meeting the net zero target by 2050 and tackling climate change is one of the greatest challenges we face today.
“England has some of Europe’s oldest housing stock and is well-known for its high concentration of period homes, and while this is a gift for house-hunters and property investors, it can be a curse when thinking about carbon emissions.
“What’s clear from our survey is this glaring awareness gap between period property-owners who know there is a problem and those who know how to fix it. There is no overnight solution, but there are methods to help turn the tide. More needs to be done to help those living in older houses understand what carbon neutral changes are feasible given their budgets.
“Specialist lenders are a huge piece of making this puzzle a lot simpler, offering bespoke financial support to those with more complex properties and financial circumstances.”
Together noted that the installation cost of heat pumps is a barrier for many, with the gas boiler alternative costing between £10,000 and £18,000 to install.
Heat pumps reduce a household’s carbon footprint by 2.5 tonnes of CO2 per year, but they come at a big price. They are also not immediately rewarded in terms of EPC ratings.
As it stands homeowners are typically willing to spend £5,500 on upgrading the energy efficiency of their properties.
Below we lay out some advice on how to better insulate your property:
If you have any questions or would like to know more about energy efficiency improvements for your property, get in touch with your local team of experts here.
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