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

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Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be £399.

Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at www.fca.org.uk.

The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: www.financial-ombudsman.org.uk