Legal
Building Safety Fund
Definition
A UK government fund to cover the cost of removing unsafe non-ACM cladding from residential buildings over 18 metres (roughly 6 storeys). Introduced after the Grenfell Tower fire. The Building Safety Act 2022 also protects qualifying leaseholders from remediation costs in many cases, shifting liability to developers.
Why it matters
If you're buying a flat in a building over 11 metres, building safety is a critical due diligence item. Check whether an EWS1 form exists, whether the building has been assessed, and whether any remediation costs have been or could be passed to leaseholders.
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