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Green landlord home insurance

April 19th, 2011

Landlord home insurance holders could soon have to increase the green energy credentials of their properties, should a UK political party get its wish.

The Green Party wants to see a mandatory register of private landlords who comply with the law on Energy Performance Certificates.

But the crux of the party’s proposal comes with its calls for a ban on landlord insurance holders’ rental properties, that carry poor energy ratings.

Leader of the party Caroline Lucas wants it to be made illegal to rent out properties with an EPC rating of less than E.

Ms Lucas adds that the government’s Green Deal scheme won’t do enough to tackle poorly insulated private rented homes.

She even goes as far as a calling the situation a “social and environmental scandal” that buy to let insurance holders allow people to inhabit cold, damp and unhealthy homes.

The Chartered Institute of Housing’s conference for the south-east witnessed the party leader talk of a ‘street-by-street’ programme of energy efficiency – and this would help ensure affordable improvements could be made to every home in the country.

According to recent surveys however, consumer bodies claim they’ve discovered tenants don’t care about the energy efficiency of their properties.

Consumer Focus reports that only 18 per cent of people said seeing an EPC had influenced their decision to buy or rent a particular property, and fewer than half had seen an EPC before signing an agreement.

Recent comments by the UK’s largest online letting agent, Upad, however, reason that this lack of selectiveness may not always be the case.

James Davis, CEO of Upad.co.uk, says: “What we are also finding is that they are more picky about what it is they want. They are often after particular properties.”

He explains: “Tenants are being more fussy and particular about where they want to live; they [may] want a property which has Wi-Fi or a garden or off-street parking. Landlords need to respond to this.

“By that I mean [a property] has got to have a power shower, or include a cleaner or views over a park. You should be including those when you are looking for a tenant, as tenants are getting more specific about their requirements.”

He adds: “What we are also finding is that we have got 50 per cent more enquiries per property in March compared to January. So we had 21 people enquire about a particular property on average – up from 13 in January.” ADNFCR-3813-ID-19954988-ADNFCR

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