Halifax - will they lend on this?!

firstbuyer

Hello,

Halifax
B2 EWS1 rated apartment, all costs confirmed to be covered by the original developer - 88.5% LTV


This is my buyers situation, I've been in turmoil for months and just received my EWS1 form.

Not sure when we will need to pull out of our forward purchase. No idea what lenders are and arent lending on anymore with flats!

Thanks,

[Deleted User]

If we have received an EWS1 form for a building and the form states the cladding needs remediating before it is safe we would not be able to lend on this property and there is no appeals process. Only if a further EWS1 form was received to confirm remediation has been completed would we be able to proceed.


It appears they will not lend whilst work is outstanding regardless if liability has been accepted by the developer