House of Lords: Building Safety Regulator delays “unacceptable”
Original Article Summary
Delays caused by the Building Safety Regulator’s (BSR) approval processes are leaving residents waiting to fix dangerous cladding in unsafe buildings, a cross party House of Lords Committee has warned. The committee said the BSR has not given clear enough guidance on how applicants are supposed to demonstrate that their buildings are safe. Meanwhile, many […] The post House of Lords: Building Safety Regulator delays “unacceptable” appeared first on PropertyWire.
PropMatch Curated Analysis
House of Lords Committee criticizes Building Safety Regulator for unacceptable delays in approving high-rise building works, calling for streamlined processes and better guidance. These delays are hampering both safety remediation and new housing delivery.
Investor Relevance
BSR delays directly impact investment timelines, costs, and project viability for high-rise properties. Investors face extended approval periods for renovations, refurbishments, and new builds, affecting cashflow, financing, and rental income. The committee's recommendations suggest potential future improvements to regulatory processes.
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