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UK Government predicts that introducing a 5 yearly mandatory Electrical Instalation Check for rental properties will create a new £100m per yr industry for the safety checks and £140m per yr in remedial work. The information below is from the official document which can be read here.

" We estimate that the average cost to landlords of an electrical safety check will be around £160 per property every five years, although there is likely to be significant variation across the sector depending on portfolio size and geographic location. We estimate that introducing mandatory five year electrical installation checks will create a new cost burden for landlords of at least £100m per annum (or around £70 per landlord per annum) over ten years. This includes the cost of five yearly checks, hidden costs including those associated with researching and liaising with electrical testers, preparing the property and overseeing the checks, and one off familiarisation costs. Any installations which were deemed to be un safe for continued use would require remedial work to be funded by the landlord ( estimated at around £140m per annum or £97 per landlord per annum)."

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THE EPC MAN

Find Your Local Independent EPC Provider Here
EPC NLA Recognised EPC Supplier in
LRA Register


The EPC Man is a Registered Trade Mark  ·   Copyright © 2013 by theepcman.co.uk  ·  All Rights reserved  ·  Powered by TheEPCMan.co.uk