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Property valuation question

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terminal7
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Property valuation question

#524433

Postby terminal7 » August 22nd, 2022, 7:52 pm

My son accepted an offer on his flat about 5 weeks ago. He just received a message originating from the buyer's bank claiming that their valuer has been unable to provide a valuation figure for the property due to fire safety risks. My son has been asked to provide either:

a) An original Building Regulations completion certificate for the works or,

b) A Regularisation Certificate?


I have never come across such a requirement. Has anyone come across similar demands?

Thanks

T7

Gerry557
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Re: Property valuation question

#524457

Postby Gerry557 » August 22nd, 2022, 9:49 pm

Ive not come across this but wonder if it has anything to do with the cladding issue.

terminal7
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Re: Property valuation question

#524540

Postby terminal7 » August 23rd, 2022, 8:53 am

Flat is top half of 1930s brick house converted into flats during 1980s - no cladding.

T7

SteelCamel
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Re: Property valuation question

#524615

Postby SteelCamel » August 23rd, 2022, 12:53 pm

What works are they asking for the certificate for? The original conversion into flats? That would be out of time for enforcement in most cases, but as I understand it the BCO can enforce indefinitely if it's a safety issue rather than a technical non-compliance. Unfortunately there are a lot of dodgy conversions about so I can understand them wanting to see the paperwork if it looks like there may be an issue.


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