Mortgage lenders still confused after EWS1 change

mortgage application

Most lenders and valuers continue to require safety assessments on blocks below 18m despite government announcement

Mortgage lenders are not planning to change their lending practices in the short term following the government’s announcement that External Wall Fire Review Forms (EWS1) forms should no longer be required for blocks of less than 18m in height.

Several lenders have told Building’s sister title Housing Today there will be no immediate change to their approach while they wait for updated guidance from the government and the RICS, despite housing secretary Robert Jenrick hailing his July announcement as a “significant step forward for leaseholders” struggling to sell homes due to the fire safety crisis.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community