Building Safety Regulation
At BLG we like to be informative as well as helpful. The impending regulatory changes to be introduced will be of significant interest to our clients – and indeed anyone living in a new or refurbished property.
As our developers and contracting clients will know, there is currently a six year window for claims as regards building safety. This looks to be extended to fifteen years in the Building Safety Bill. Importantly, this will apply retrospectively, hence if you are a resident in a building completed in 2011 then you can claim under the Building Safety Bill until 2026.
The focus here of course is fire safety, though there are aspects relating to other areas of safety as you would expect.
The drive to improve standards, most importantly safety standards, is to be welcomed. Much needed in response to the Grenfell Tower fire, which tragically killed 72 people in 2017, this Bill is one that will focus minds more than ever and it must add to the level of protection that residents deserve.
Regulation of building products is also to be tightened, with the Office for Product Safety and Standards (OPSS) having an ability to remove products from the market if they present a safety risk, as well as impose fines. We work with the Consumer Code for New Homes (CCNH) on our Residential Warranties, which is another measure that was introduced to improve standards as well as increase the rights enjoyed by occupiers of properties.
If you have any queries regarding Latent Defects Insurance or Residential Warranties then feel free to contact us.