Hello,
We are FTHB and are currently in the process of purchasing a leasehold flat. The building is an ex-council. We've just received the management pack which indicates that there is no EWS1 Certificate and that works are planned.
I'm wondering if any of you have had experience with similar situations, particularly with regard to the funds and time required for such work. This news has been a bit of a setback, as everything seemed to be going smoothly up until now. We offered 10k above the lower asking price range, but now feel a bit deflated and are concerned about future costs, which can't be known at this point.
This is our only option for getting on the property ladder, so we are trying to assess the risks involved. Any insights or advice would be greatly appreciated.
Thank you.
[Title edited by MNHQ at OP's request]