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Two in five landlords have cancelled retrofit works following Sunak’s net zero U-turn

By 2023-11-27T11:47:00

Retrofit insulation

Prime minister scrapped requirement for rental properties to meet an EPC rating of C in September

More than four in ten private landlords have cancelled plans to decarbonise their properties following the government’s decision to scrap an energy efficiency target for rental homes, according to a report by Lloyds Banking Group.

Research by the UK’s largest mortgage lender found 42% of landlords had abandoned their retrofit plans two months after Rishi Sunak rowed back on a requirement for all rental properties to meet a minimum EPC rating of C by 2028.

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