Cladding News

What to do when a property has cladding and EWS1 form issues…

Since the devastating tragedy of the Grenfell tower fire five years ago, cladding issues have been highlighted across thousands of properties across the UK. An investigation of the fire highlighted that the materials used for the cladding were the ‘primary cause’ of the rapid fire spread.

Since the awful incident, property owners who are facing cladding issues have been left with no clear guidance from the Government, have been left in limbo and are what some people are describing as ‘mortgage prisoners’. With the rules and regulations around cladding issues changing regularly, property owners are facing conflicting information from all angles and the overwhelming unknowing of what to do.

The latest news (as of January 2022) is that no leaseholder living in their own flat will have to pay a penny to fix the cladding issue and the old, proposed loan scheme for leaseholders in medium-rise flats will be scrapped. A building safety pledge has been launched to pay towards the estimated £4billion cost to fix the dangerous cladding on tower blocks however at present, there is no timeframe on this, meaning it could be anywhere from a couple of months to a few years for the works to be completed.

For property owners wanting to sell, this is causing an overwhelm and a feeling of having no options. However, for those who are looking to sell a property facing EWS1 form issues, it is still possible to safely, and responsibly do this.

The first step is to determine whether there is currently an EWS1 form available and if there is, ask to see a copy. If the rating is A1 or A2 then the likelihood is, a buyer will be able to get a mortgage on the flat. Of course, this will depend on the lender however a mortgage broker should be able to support you to find the most suitable lender.

If the rating is B1 or B2 for the EWS1 form, then unfortunately the chances of an easy sale do drop dramatically, however it is still possible. We recommend looking into the fire risk assessment report to understand the severity of the problem and if the freeholder of the building has obtained quotations for rectifying the works. The quotes should then be reviewed to determine the cost and timeframes of the works required.

If there is no EWS1 form then again, this is not a deal-breaker for leaseholders looking to sell and there are still options depending on the structure and height of the building. The main thing to remember is that there is always a solution to the projected problems they face with no EWS1 form, a B1 or B2 rating.

Before doing anything, it is recommended to get advice from the correct professional and we are available to provide unbiased advice on this sensitive topic. To speak to one of our experts, get in touch today.

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