Qualifying Buildings Conveyancing

Legal help with the Building Safety Act 2022

When buying or selling a flat in a Qualifying Building (over 11m/5+ storeys), the Building Safety Act 2022, which protects qualifying leaseholders from high remediation costs, will need to be navigated. A qualifying lease is a long lease granted before Feb 14, 2022. Investors or owners who bought after 14 February 2022 might not have the same protections, exposing them to higher service charges for building remediation costs. 

Also, if buyers are obtaining a mortgage for the purchase, they are likely to need EWS1 form to gain mortgage approval. It is therefore crucial that the sellers obtain this as soon as possible, as it may result in the conveyancing being delayed or the market being restricted to cash buyers.

It is therefore advisable to engage a specialist conveyancer with experience of managing property transactions involving the Building Safety Act.