From 2008 the UK will have a regulation governing business property. There will be a certificate required that rates the building dealing with energy management. This will have a huge impact on the business community.
The UK in 2008 will see new regulation being rolled out that will affect all commercial premises. EPCs stands for Energy Performance Certificates and will be required for rental, sale or construction of commercial property.
So each building will be given an energy rating A,B,C,D,E,F,G. Band A should have the lowest fuel bills reflected by being the most energy efficiency. For the higher rating the carbon dioxide (CO2) emissions should be lower.
It is thought that currently most UK commercial property will fall into bands D-E for both ratings. Obviously this rating will effect the businesses value on sale or rental achievable. So this will push the business owners' to invest in better energy efficiency throughout as this money spent will be regarded as a potential return on investment. And therefore a positive business action to be undertaken.
Each EPC will last for ten years. The Department of Communities and Local Government (CLG) must measure the effects of EPCs on the business sector. Adjustment may have to be made if it has a damaging effect because of cost in a recession and the ability of the landlord to lease their property easily. This legislation will effect business premises across the range of sizes so nobody will be unaffected by this.
This policy has the added advantage of long term money savings on fuel bills as that it looks like energy demand for the long term will be high due to the UK now having limited resources and the massive demand on oil in the Far East.
http://www.mortgagebestrate.co.uk/commercial_mortgage.htm
02380 781222
patrick@mortgagehome.co.uk
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