Supporting landlords
The number of UK households living in rented property has doubled in the last ten years, with increasing house prices and slow wage growth making it harder for people to get on the housing ladder. Approximately 5 million households are currently living in private rented accommodation, which equates to 21% of the total, with this number expected to rise to 5.8 million in the next five years, according to estate agency Knight Frank.
Many homeowners have also become so-called “accidental landlords” – forced to rent out their existing property to cover mortgage repayments so that they can afford to make their next move. Whether you’re a seasoned landlord or new to property rentals, it’s important to have access to a reliable electrician who can carry out the necessary checks before you purchase a new property or make an existing property available for rental.