Propertymark laments lack of landlord support in Heat and Buildings Strategy

Estate agency body Propertymark is frustrated at the lack of financial support measures for landlords and homeowners in the Scottish government’s Heat and Buildings Strategy government.

The document pledged £1.8bn of spending, while pledges included setting up a Green Heat Finance Task Force to identify ways of getting investment from the private sector.

However Daryl McIntosh, policy manager at Propertymark, would like to see more specific measures on how homeowners and landlords will be supported.

He said: “The publication of the Scottish government’s Heat in Buildings Strategy has left some previously discussed questions unanswered.

“The mention of a Green Heat Finance Task Force shows acknowledgement that there will be costs involved, but what’s lacking is detail on the availability of financial support landlords and homeowners can expect to receive. There is no mention of a cost cap which was previously discussed.

“Any new regulations must avoid the unintended consequence of landlords leaving the private rented sector, at a time when they are most needed.

“Realistically, to achieve the number of properties in the PRS meeting EPC band C by 2025 at change of tenancy, and all PRS properties by 2028, as well as owner occupiers to meet level C by 2033, the funding process needs to be well thought out and implemented as well as adequate materials and a skilled work force available.”

Previously the government has proposed a ‘cost cap’, where landlords only have to spend a certain amount on upgrading their properties if they can’t get them to the required EPC level. they could then apply for an exemption.

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