Sanctions are reshaping UK property due diligence, with buyers and developers now needing to assess not only a property's owner but also neighbouring ownership and control. Works involving sanctioned neighbours may require OFSI licences, which can take months or years, making early, thorough checks essential to manage risk.
Authors:
Shaistah Akhtar, Partner
shaistah.akhtar@mishcon.com
Frances Beddow, Associate
frances.beddow@mishcon.com
Lillie Hempsell, Trainee Solicitor
Lillie.hempsell@mishcon.com