From the 1st of April, Landlords are obliged to have an electrician undertake an Electrical Installation Condition Report (EICR). If any faults are found during this inspection, you must remedy such faults within 28 days and provide a copy of the report along with evidence of any remedial works to your tenant and to the local authority. Failure to do so may result in a fine of up to £30,000.

The regulations require that landlords ensure that their properties are periodically inspected, every five years, by a qualified electrician to make sure that all electrical installations are compliant with the 18th edition of the ‘Wiring Regulations’. This covers all wiring, fuse boxes and installations.

Exceptions to the new EICR regulations include;

  • those on a long lease of seven years or more
  • social housing
  • lodgers
  • student halls
  • hostels
  • care homes
  • hospitals and hospices
  • and other accommodation relating to healthcare provisions

Related articles:

 

 

Recent posts

Many households are still being affected by the high cost of living, with several people worrying about how they can make ends meet on a monthly-basis. Unfortunately, the cost of bills including, water, council tax, and energy are still rising. Here are some things you can do.

The Renters’ Rights Bill represents a significant milestone designed to enhance the rights and protections of tenants in the rental market. This comprehensive bill aims to foster a more balanced and fair rental sector, ensuring that tenants can enjoy greater security and equitable treatment. It is likely to become law in late 2025.

Owning a buy-to-let property in your sole name versus through a limited company each has its own set of advantages and disadvantages.

Data from Rightmove shows that Sunbury-on-Thames in Surrey was the number one house price hotspot in 2024. The prices in this area climbed an impressive 12.5% - increasing from an average price of £527,005 in 2023 to £592,926 in 2024.

On the 31st October 2024 stamp duty for those purchasing additional properties increased by 2% from 3% to 5%.

From 1st April 2025 the threshold will be reducing from £250,000 to £125,000

Research from Metro shows that those who chose to move home didn’t actually move that far away. With a 430g pack of chicken costing on average almost double in London than the rest of the UK, it's no wonder some people are choosing a change of scenery to save a few pennies.

Following recent changes in the Buy to Let market, some investors may find this product less appealing. However, if done correctly, building a buy to let portfolio can be very profitable.

Helping you understand the upcoming changes in stamp duty (SDLT) from April 2025.