TSB has welcomed the updated RICS cladding guidance as it believes it will create greater consistency across the valuer industry.
TSB is the latest lender to confirm that it will be abiding by the Royal Institute of Chartered Surveyors (RICS) updated cladding guidance.
RICS’ updated guidance on cladding follows consultation with valuers, lease-holders, lenders, fire safety experts and government, last month.
A spokesperson for TSB, said: “TSB’s requirements will not change as we are in line with RICS guidance already.
“However, we are supportive of the new guidelines as it will mean greater consistency across the valuer industry.”
The guidance, which was implemented on 5 April, clarifies what types of properties will, and will not, require additional inspections due to concerns about fire safety.
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