Pub sales to be hit by energy chaos
Thousands of pub sales could be delayed by months from 1 October as the Energy Performance Certificate (EPC) farce slips into chaos.
In just six weeks' time, all pubs being sold or let — including those already on the market, which could number 14,000 — will need an EPC.
But there are just 41 accredited inspectors to date— and no official transition period.
In a further twist, the vendor, rather than the selling agent, will be liable for a fine between £500 and £5,000.
The EPC helpline told the MA that it had "heard rumours there may be a transition period" but this wouldn't be confirmed until September. The likelihood of an announcement before Parliament reconvenes on 6 October also seems unlikely.
The Department of Communities & Local Government confirmed that an EPC would not be required overnight, but needed for any sale to be completed.
Under an EPC, pubs will be rated from A-G on energy performance, with the cost likely to be £700 to £1,000.
The industry and Government have sleepwalked into these regulations - it is chaos.David Morgan, Cookseys DMP
Cookseys DMP said inspections could take four hours, with a further 10 to compile paperwork.
Sleepwalking into chaos
"The industry and Government have sleepwalked into these regulations," said Cookseys DMP MD David Morgan. "It is chaos."
Andrew Whelan, of Fleurets, said: "I expect some sales to be delayed. We have written to all our customers advising them of the need to get an EPC and have put together a panel of providers. The problem is that vendors are not fully aware."
Darren Bond, head of valuation services at Christie+Co, said: "Because we are uncertain about how it affects existing clients, we have not yet written to customers to advise of the legislation."
Guy Simmonds boss Stephen Taylor said: "This could have a severe impact on the market. It is the last thing we need, and we are still waiting for absolute definite clarification.
"We hope the Government will push this back."
Graham Allman, of GA-Select, expected trading standards to take a light touch. He said: "How can they enforce something if there are not enough inspectors?"
Where to get help
• EPC homepage
