EWS1 form

[Deleted User]

What lender is it? Might take them a week to get to your document and sent to to the surveyor, another week for the surveyor to send comments back, and then another week to review those comments.  

robtam

Nationwide 

robtam

Hi guys now got this from mortgage advisor 

Nationwide’s valuers have referred the EWS1 form back to *housebuilders*  again for a slight amendment, this only happened this morning.

 

Once we have the amended form we will submit it again and hopefully this time they will come back with a figure.

 

I’m sorry it is delayed further, we will get there. I know it’s something you are keen to get the results of.

 

As soon as we have any further news I will let you know.

robtam

What do you all think? Is this normal ? It’s gone twice backwards and forwards. 

robtam

Bump I’m interested if this has happened to others

AdrianC

robtam said:

Bump I’m interested if this has happened to others

Post-Grenfell? Absolutely!

Lenders are all over cladding like a rash. For obvious reasons. And unless the developer can dot every i and cross every t in triplicate, countersigned by their granny, lenders quite simply have safer places to put their money. Take the hint.

robtam

The building doesn’t seem to have any cladding ... do you think it won’t pass. Apparently the development is 90% sold so surely it isn’t a problem?

GDB2222

The mortgage advisor just wants to steer the mortgage through. He doesn’t have to think long term. You don’t want to end up in the position that the property is borderline okay now, but risks being unmortgageable if standards tighten. I would find out exactly what the issue is that the surveyor is bothering about. It’s not just a form.

robtam

GDB2222 said:

The mortgage advisor just wants to steer the mortgage through. He doesn’t have to think long term. You don’t want to end up in the position that the property is borderline okay now, but risks being unmortgageable if standards tighten. I would find out exactly what the issue is that the surveyor is bothering about. It’s not just a form.

How do you do that? The mortgage advisor isn’t showing me anything from the lender or the surveyor 

GDB2222

Good heavens! So, you are consenting to being kept in the dark by the mortgage advisor. Alarm bells should be ringing.

I don’t know what fee arrangement you have with your mortgage advisor, but most get a commission from the lenders. So, your advisor possibly just wants to get this through, preferably without raising any doubt in your mind that it may not be a safe purchase. 

Hence, the holdup is described as just a form, rather than a certificate about the safety of the building. 

It may all be fine, and the surveyor may just be quibbling about a typo in the postcode. On the other hand, there may be serious concerns that are being brushed aside and hidden from you. You really need to know which, and if necessary you may need a new advisor who’s prepared to level with you.