Call for evidence: Jointly-owned properties
The Building Safety Act 2022 (BSA) provides far-reaching protections for qualifying leaseholders from the costs associated with remediating historical building safety defects. The principle of our leaseholder protection package is to protect leaseholders living in their own homes in unsafe buildings. As such, there needed to be a threshold which set the right balance between those purchasing properties primarily to live in and those who have made primarily commercial or investment decisions, whether they are freeholders or leaseholders. The Government keeps all policies under close review and has always recognised that any line drawn between those living in leasehold properties and those with a purely financial interest is a challenging one to get absolutely right. Striking a balance, though, is necessary. The BSA has now been in operation for nearly two years, and following feedback we are taking the opportunity to review the qualifying criteria for obtaining t