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Brokers who work with cladding issues

Journalist: Frances Ivens, Telegraph

ended 02. June 2025

For the Telegraph Money section

I am researching a piece on buyers who have succesfully purchased flats with cladding issues at significantly reduced prices and have either sold them for a profit once the remediation is sorted or have benefitted froma remedaition scheme that mens the flat is now worth full market value. 

Is this something you have advised on? How common is it and is there an opportunity people are missing?

2 responses from the Newspage community

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Editor
Chris Barry
Director at Thomas Legal
We convey dozens of leasehold properties every month that don’t meet current building safety standards. These rarely go for significantly under market value unless they the building is unmortgageable. Most building require remedial work and as conveyancers, we need to understand what works need to be done, when the works will be carried out, how much it will cost and who is liable to pay. There is a huge backlog of remedial works to be carried out and therefore resales have yet to really hit the market. A bigger play here is leasehold reform and people buying short leases in the hope marriage value will be abolished by the Labour government
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Editor
Harry Goodliffe
Director at HTG Mortgages
While some are priced below market value, it's rarely a steal unless the building is currently unmortgageable. Most buyers are betting on remediation schemes or confirmed government funding, and even then, it’s a waiting game. When the work is done and the EWS1 is in place, there can be real upside, but buyers need to go in with eyes wide open. It’s not a quick flip, but if you’re patient and get the right advice, there’s definitely long-term potential.