Mortgage following acm cladding replacement

Timwill

Hi everyone, advice would be greatly appreciated. We are currently in the process of selling the flat that had ACM cladding on it but is being replaced. It will be replaced by December this year. Mortgage companies have told us that mortgages will be offered against the property when this has been replaced. However does anybody have any experience of gaining a mortgage with the property that has had ACM cladding replaced? We are very worried that what they’re replacing it with my still not meet the high standards of the mortgage companies. The mortgage companies have asked for the following information… to consider the property, we would require an up to date fire risk assessment to confirm that the cladding is compliant with building regs and is deemed safe. We require certification from an appropriately qualified person that the cladding system as a whole meets BR135 via the BS8414 test. What we need from the BS8414 test and certification is confirmation that they were actually installed and that the whole system is as it should be...

dieterdd77

I'm exactly in the same boat - want to release equity out of my place (new build from 2008) with no mortgage on it atm. Barclays came back with a lovely £0 valuation I have a fire risk assesment document from 11 months ago which got rejected instantly. I also have a statement from an independent surveyor saying my flat does NOT have ACM type cladding and is considered safe but Barclays is insisting on this test being performed.

The building agent says they wont do it as the cost is too high and it's "not fair" to other leaseholders in the building. Instead the developer will issue some "advice" to Barclays in the hope they accept it. I think this is a useless effort and will get rejected again. What can I do?

Anyone got any idea how long it takes to get a test like this done?