How the UK Government’s Net Zero Policy Will Affect Landlords

How the UK Government’s Net Zero Policy Will Affect Landlords

Benjamin Thompson Kirk

How the UK Government’s Net Zero Policy Will Affect Landlords Landlords who pay the utility bills relating to their properties will be affected by the requirement to phase out gas boilers and replace them with more energy-efficient systems; the cost of gas is likely to become more expensive, while electricity could become cheaper. This could impact on a landlord’s ability to maintain a good rental return from a property where the utility costs in that property are high.

Need for Investment Due to the Net Zero strategy, landlords will potentially need to invest more in their properties, both to ensure compliance with the new government regulations and also to make them an attractive proposition to potential tenants.

Assistance from Government Schemes Government schemes may be of benefit to landlords, like the Boiler Upgrade Scheme. The extent to which additional funding will be available in the future is uncertain, however; the problems around a lack of housing in the UK for first time buyers means that any schemes that are yet to be announced are unlikely to be helpful to buy-to-let landlords.

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Due to the Net Zero strategy, landlords will potentially need to invest more in their properties, both to ensure compliance with the new government regulations and also to make them an attractive proposition to potential tenants.

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