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Remortgage issue due to Wooden Cladding
ABGreen
Posts: 1 Newbie
Hello,
We've got a property bought as part-buy part-rent in 2009 and bought in full in 2016 that we are remortgaging. We're facing an issue as there is a proportion of the building exterior that uses wood cladding and the surveyor regards this as a fire risk. There was a similar thread on the forum around a year ago but I was wondering if anyone else had faced this issue recently and how they resolved it?
Additionally new building regs have now come into force which post-Grenfell have further restricted the range of cladding materials that can be used on buildings of 18m+ height. There is no requirement for completed buildings to refit but I'm obviously concerned that having materials in place that are non longer within the newest regs will make it harder to borrow or sell in future. Any better info on the impact of these changes will also be gratefully received.
We've got a property bought as part-buy part-rent in 2009 and bought in full in 2016 that we are remortgaging. We're facing an issue as there is a proportion of the building exterior that uses wood cladding and the surveyor regards this as a fire risk. There was a similar thread on the forum around a year ago but I was wondering if anyone else had faced this issue recently and how they resolved it?
Additionally new building regs have now come into force which post-Grenfell have further restricted the range of cladding materials that can be used on buildings of 18m+ height. There is no requirement for completed buildings to refit but I'm obviously concerned that having materials in place that are non longer within the newest regs will make it harder to borrow or sell in future. Any better info on the impact of these changes will also be gratefully received.
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Comments
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I'd estimate that at least 99.999% of the housing stock in this country doesn't meet current regs. It still gets bought and sold all the time though....but I'm obviously concerned that having materials in place that are non longer within the newest regs will make it harder to borrow or sell in future...0
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