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Exposed: Cash for logos and drive by inspections

Former Community Member
Former Community Member

Inadequate inspections on the safety of wiring in buildings across England are increasing the risk of fires, E&T has found. A flawed regulatory system has sparked a race to the bottom, with some businesses profiting at the expense of the public’s safety. 

eandt.theiet.org/.../

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  • I think too that your suggestion that a £400 inspection is required is not the right point, it is £400 every 5 years so £80 per year. Here is a business idea, offer complete electrical insurance cover to Landlords for properties, BG appear to do it although I am dubious about their ability to deliver. They charge quite a lot of money, so the competition would probably fail at the first hurdle. Buy to let particularly has been very profitable for a long time with low interest rates, this is affordable and solves the problem of agents having "pet" contractors with backhanders. (sorry handling fees!).

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  • I think too that your suggestion that a £400 inspection is required is not the right point, it is £400 every 5 years so £80 per year. Here is a business idea, offer complete electrical insurance cover to Landlords for properties, BG appear to do it although I am dubious about their ability to deliver. They charge quite a lot of money, so the competition would probably fail at the first hurdle. Buy to let particularly has been very profitable for a long time with low interest rates, this is affordable and solves the problem of agents having "pet" contractors with backhanders. (sorry handling fees!).

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