0:04 AM, 24th April 2023, About 10 months ago 6
Hello, Has anyone sold a flat using the protection provided by the Building Safety Act? My daughter has received a letter from the block management company responsible for her building, confirming that, as required under the Act, she will not be asked to pay anything towards the remedial works needed to resolve the fire safety issued identified by a recent audit (no cladding issues, thankfully, just minor breaches such as gaps around fire safety doors, and similar issues).
She hopes this will allow her to now sell the flat after three years of uncertainty, but I’d be very interested to hear from anyone that has managed to use such a letter resulting from the Building Safety Act to help secure a sale, and which lender provided a mortgage on this basis if a mortgage was needed by the buyer.
She may try a ‘cash buyers only’ approach, if mortgage lenders are still reluctant to lend.
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