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The government are offering financial incentives to landlords to improve the energy efficiency of their properties.
However, following changes to ‘ECO’ funding announced in George Osborne’s recent Autumn Statement, landlords have only until Friday 7th February to apply for the subsidies.
Under the Energy Act 2011, landlords will be unable to let properties which fall below a prescribed level of energy efficiency without making improvements. Fines of up to £5,000 per property could be imposed for those falling short of the bar.