The Royal Institution of Chartered Surveyors has set out new guidance to clarify which properties require valuers to complete an EWS1 form and which do not, in a bid to unlock the sales of flats with cladding. Following a consultation process, the guidance clarifies that where a valuer or lender can establish that
UK Finance and BSA expect EWS1 form requests to fall mortgageintroducer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageintroducer.com Daily Mail and Mail on Sunday newspapers.
Heart of Bootle divides opinion as promises made for a brighter future
It s been the subject of much controversy but council chiefs say the future is looking up for the Strand shopping centre
11:14, 7 MAR 2021
Updated
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This week, Sefton Council’s purchase of Bootle Strand shopping centre has come under yet more criticism from opposition leaders.
BBC News
By Katy Austin and Laura Heighton-Ginns
BBC Business
image captionHolly hadn t expected difficulties with EWS1
NHS worker Holly Ciesielczuk bought 75% of her first-floor flat in Redbridge in March 2019, under shared ownership.
But when she tried to borrow more money to increase her share of ownership a year later, she hit a stumbling block.
Following their initial survey, her mortgage lender requested an EWS1 form, which can be obtained following an assessment of a building s external walls.
These were first developed to assess the potential financial impact of cladding on high-rise flats, after 72 people died at Grenfell Tower.
To begin with, only those who owned flats in tall buildings with dangerous flammable cladding were affected.
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