Paragon’s research also found that more than four in 10 HMO landlords are absorbing higher energy bills rather than passing the costs on to tenants through rent increases.
“Energy efficiency is now a core part of how HMO landlords operate,” said Louisa Sedgwick (pictured right), managing director of mortgages at Paragon Bank. “Many are already ahead of proposed standards, which reflects a long-term approach to managing their properties.
“It is also encouraging to see the steps landlords are taking to support tenants with the cost of living. In addition to increasing the value of their portfolios, by investing in more efficient homes and, in many cases, absorbing higher energy costs, they are helping to keep shared housing both sustainable and more affordable.
“With a large proportion of HMOs already meeting expected requirements, landlords are well placed for future regulatory changes while continuing to deliver good quality, cost-effective accommodation.”
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