Risks of buying a flat with an EWS1 A1 rating?

Crashy_Time

niceguyed said:

If something was overpriced to begin with then a discount does not automatically mean it is good value. There's no real way to say whether a building is exempt unless it already has an EWS1. Given how hot the market is (except flats) I'm not sure why you think there would be a steady growth in value? 
I completely understand budget may dictate a flat is the only property type in reach but on the flip side not owning a depreciating asset in a block that may needed millions of pounds worth of work that could bankrupt you doesn't seem like Kirsty and Phil property dream either. 
I'm not saying this is you, but sometimes on these forums people are desperate to buy whatever the cost. 

Exactly...