Almost 450,000 Homeowners Set To Benefit From New EWS1 Agreement

Owners of flats in buildings without cladding will no longer need an EWS1 form to sell or re-mortgage their property, following a new agreement reached between the government and the Royal Institution of Chartered Surveyors (RICS). Regulations introduced to improve fire safety following the Grenfell fire had inadvertently left flat owners trapped in near-unsellable homes.After the Grenfell tragedy in June 2017, the rules implemented meant that mortgages for flats in buildings over 18m tall would only be approved if they had passed an External Wall Fire Review (EWS1) survey.However, the government and RICS have agreed that buildings without cladding do not need an EWS1 form. Read more on the Property Industry Eye website.

https://propertyindustryeye.com/almost-450000-homeowners-set-to-benefit-from-new-ews1-agreement/