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The issue facing flat owners…

If you are the owner of a flat and have been trying to sell your flat on the open market recently, you’ll most likely be aware that the flat market is facing a crisis.

In response to the Grenfell Tower tragedy in 2017, the government has implemented strict guidance on the material and maintenance of cladding used on flats, to ensure that they are not combustible. Any cladding deemed unsafe must be removed, often at the expense of the leaseholders.

As a result, homebuyers are becoming increasingly reluctant to invest in flats in fear of safety or the cladding removal costs, and those who do want to are usually being denied mortgages from lenders.

It is believed more than 30,000 deals have already collapsed due to this issue.

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In order to sell a flat, the government now require an External Wall System survey (EWS1) to be completed on the property. This survey is completed by a chartered fire engineer, and the resulting documentation is needed to prove to lenders and buyers that the building is free from dangerous cladding (or any other combustible materials) in the construction of the property.

The survey will provide a grade: A1, A2, A3, B1 or B2. A1 is the best outcome, confirming there are no combustible materials, and no work is necessary. B2 is the worst outcome, identifying that there is combustible material present and significant remedial work is required.

Unfortunately, there is currently a large backlog in these surveys being completed, and flat owners are waiting extended periods of time to get their completed EWS1. And even with a completed survey, buyers remain apprehensive about purchasing flats, particularly if they don’t achieve that top A1 grade.

Even other cash buying companies are currently saying no to flats with cladding.

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We operate across the United Kingdom including England, Scotland, and Wales. We can buy your house fast, whether you’re in the northernmost parts of Scotland or enjoying life on the beaches on the south coast.

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“The process was so straight forward”

Daisy and Ross from We buy any Home were fantastic. At the start of the process I was sceptical, but I got a very fair price for the property and they were extremely flexible with my completion date. The process was so straight forward. I have moved house a number of times and it has always been very stressful, but this was a breeze. I would definitely use them again.

“Absolutely amazing!”

These guys have been brilliant from start to finish, made our transition to our dream home possible. After we had potential buyers retract their offer on our house for sale several time, We Buy Any Home were able to make our dream come true. Cannot recommend them enough.

Frequently asked questions when buying your flat.

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Are flats difficult to sell?

It is common knowledge that flats don’t sell as quickly as houses. However, first time buyers and buy-to-let investors will certainly have their eyes on flats just like yours. But just because there may be interest, you are not guaranteed a sale. We Buy Any Home operate as cash house buyers meaning we can buy your flat for cash.

With 300 years’ combined experience in the property sector, we are operating as the UK’s biggest and most trusted cash house buyer. Simply get a cash offer for your flat today and we will buy it from you using our own funds. We can complete in a timeframe that suits you – in as little as 7 days if you require – and we don’t charge any fees for our service. You can sell your flat stress-free!

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