Building Safety Act 2022: What Were You Told When Buying?
The Building Safety Act 2022 may become a personal concern when you discover an unexpected remediation bill, uncertainty about your lease’s protection or missing documents holding up your flat sale.
What was established about the building and your potential financial exposure before you bought?
The articles below explore qualifying and non-qualifying leases, previous owners’ circumstances, collectively owned freeholds and the information requested during conveyancing. The English leaseholder cost-protection framework depends on the particular building, lease and statutory conditions.
The protection is different from what you expected. What were you told when you bought?
Perhaps you have discovered that your lease does not qualify for the protection you assumed, that collective freehold ownership affects your position or that building-safety costs are now complicating a sale or remortgage.
Visit When I Bought’s cladding and building-safety page to explore the purchase records and advice that may matter. Tell us when you bought, what you understood and what has now emerged.
Unexpected building-safety problem? Start with what you were told →
You do not need to decide whether anyone was at fault before starting a conversation. Responsibility depends on the purchase date, circumstances and advice given. When I Bought is a Lexsure service, not a law firm.
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Cladding or EWS1 Is Holding Up Your Flat Sale: What Were You Told When You Bought?”
Building-safety questions can emerge years after a flat was purchased. Understanding whether the problem concerns valuation, remediation costs or missing documents is the first step towards resolving it.
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Skipton Sets New BSA Requirements
Skipton Building Society conveyancing panel lawyers need to be aware that that the Society has made a number of recent changes to their P2 Handbook instructions. Skipton’s January 2024 Building Safety Requirements In answer to the question ‘Does the lender have any specific instructions about building safety?’ the new instructions are as follows: ‘Our Offer…