Rob discusses the proposed oil boiler ban set to take effect in 2026. The ban will primarily impact those living in rural areas who rely on oil boilers for heating. However, it will also affect landlords operating in regions such as East Anglia and Cornwall. Rob highlights the irony that the environmental secretary, who is proposing the ban, may face backlash from her own constituents who heavily rely on oil boilers.
KEY TAKEAWAYS
The UK government is proposing to phase out oil boilers by 2026 as part of their net zero emissions goals.
This ban on oil boilers will primarily affect those living in rural areas where there is no access to mains gas.
The alternative heating options being promoted, such as heat source pumps, predominantly run on electricity, which can be problematic in the event of a grid failure.
The cost of replacing oil boilers with heat pumps or other alternatives will likely be borne by homeowners or funded by local councils, potentially leading to increased financial burdens for individuals and future generations.
BEST MOMENTS
"The irony that we'll go into is that one of the people proposing this might be facing a backlash in their own constituency."
"And all of this in the drive of this crazy daft net zero 2050."
"Phasing out oil boilers, is it a good thing to do? I'd argue probably not, because the alternative isn't suitable."
"At some point, the government, I hope, I sincerely hope, will wake up and realize that net zero isn't going to work, this climate change stuff isn't going to work."
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ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WHERE TO FIND US
https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
