Buying a high-rise flat FAQs
Can I get a mortgage on a flat in a high-rise building?
Yes, but lenders can be stricter with flats in tall buildings, especially if there are cladding or Building Safety Act issues. Some may ask for extra documents, limit loan amounts, or require larger deposits. To understand your options, it’s best to speak with a mortgage adviser and check our guide for more information on financing a flat purchase.
Who pays for cladding removal under the Building Safety Act?
In most cases, developers and freeholders are responsible for cladding removal, not leaseholders. The Building Safety Act introduced protections to stop flat owners facing unfair costs. Your conveyancer will confirm whether your building is covered and if any costs might still apply.
Are high-rise flats a good investment?
They can be, especially in city centres where demand is strong. However, higher service charges and stricter mortgage rules may affect long-term value. Always check the lease terms, building safety compliance, and resale potential before committing. Find out more about the pros and cons of buying a flat.
Do all flats over 5 storeys count as high-rise?
The official definition of a high-rise building is one over 18m or seven storeys. However, since the Building Safety Act, lenders and regulators often treat blocks with five or more storeys as high-rise for safety checks and mortgage approval.
Why do you need a specialist conveyancer when buying a flat in a high-rise?
High-rise purchases are more complex, involving leasehold checks, strict mortgage rules, and Building Safety Act compliance. Not every conveyancer has the expertise to handle these. Using a specialist ensures the right documents are in place and avoids delays or failed purchases. At My Home Move Conveyancing, we work with specialist conveyancers who deal with high-rise purchases regularly, so know exactly what to look for and how to keep your move on track, get a quote today.
What are the EWS1 form requirements when buying a high-rise flat?
EWS1 forms are used to confirm that external walls, including cladding, meet safety standards. Many lenders will require this for buildings with cladding or five storeys and above. If needed, your conveyancer will ensure all EWS1 form requirements are satisfied before your mortgage is approved.
Do I need an EWS1 form to buy a flat in a high-rise?
Not always. EWS1 forms are mainly requested by lenders when the building has cladding or is five storeys or more. Some lenders accept other safety paperwork under the Building Safety Act, but missing documents can delay or block a mortgage. Your conveyancer will confirm exactly what your lender requires.
Are service charges higher in high-rise flats?
Often yes, because tall buildings have lifts, fire safety systems, and on-site staff that increase maintenance costs. Charges vary, so it’s important to get an accurate breakdown before you buy and check whether contributions are expected to rise.
Is it harder to resell a flat in a tall building?
It can be. Buyers and lenders want up-to-date safety documents, and mortgage approvals can take longer. That said, high-rise flats in popular city locations are usually in demand, provided the building meets safety standards and the lease terms are favourable.
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