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The end is in sight for the cladding/ews1 nightmare. High street willing to mortgage them again
JMA74
Posts: 264 Forumite
Good news for everyone impacted
https://www.theguardian.com/business/2022/dec/20/uk-banks-lending-flats-cladding-mortgages
https://www.theguardian.com/business/2022/dec/20/uk-banks-lending-flats-cladding-mortgages
Six of the UK’s largest banks will start lending on medium and high-rise flats with cladding from January, in a move that could help thousands of people stuck in properties they have not been able to sell or remortgage.
Lenders including Barclays, HSBC, Lloyds, Nationwide Building Society, NatWest and Santander, said they would consider fresh mortgage applications from 9 January, after receiving long-awaited guidance from the Royal Institution of Chartered Surveyors (Rics) on how to value affected properties.
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