Valuation of Help to Buy property without EWS1

jont107

We’re looking at moving, but we’re stuck waiting for an EWS1 form as our building was completed in 2018 before the new fire regs came in. The management company are generally useless and don’t seem to want to provide any information on what they’re doing about getting one, and just keep repeating how long it takes to get one.
I’ve asked this question in an EWS1 thread without answer, so I’m starting a new one here.
There’s something in the HTB paperwork that says that if you sell your property for below market value, your equity loan repayment will still be done on the market value. Without an EWS1 form, we have no option for sale other than a cash buyer. The market value of a property is only what someone will pay for it, so if it’s currently un-mortgageable the market is much smaller and therefore the value is less, so how does this affect the equity loan? Would they have to factor this in? If so, would they have to factor this in if we paid it off (assuming our current lender allowed us to do so without an EWS1) in the event that we’re stuck here?

mhwu

I am in the same boat and considering buying back the loan as we are stuck in our flat until this mess is sorted out.
I contacted a surveyor who would potentially value our property and his response was:

" If there are cladding issues then this will impact the valuation without a EWS1 report as it will prove difficult to sell to someone else, especiallyif they will require a mortgage.

It may be possible to sell to a cash buyer, but this would be at a discount.

As for the housing association, they will be subject to the same valuation issues that affect you in this situation."

Please let me know how far you have got with your valuation. 
Thanks