EWS1 query

Caitlin42

Hi all,

Looking for some advice and opinions on an EWS1 related query. Couldn’t find quite the same question in the forum but apologies if I’ve missed it. If I have, please feel free to point me in the right direction!

I’ve had an offer accepted on a 2-bed leasehold flat in London. The flat is on the 2nd and 3rd floors and the building is 5 stories high in total (less than 18m). There’s no EWS1 certificate and my lender (Santander) has made a mortgage offer without asking for one. However, my surveyor has said that an EWS1 form will be required based on the presence of “factory finished textured wall board” on part of the building exterior. No other issues were raised by the survey. Assuming I go ahead with the purchase I would plan to stay there for the foreseeable future but would probably want to remortgage in a few years if the rates improve.

So my question is – how concerned do people think I should be about the lack of an EWS1 form? Should I be looking to get more information on whether the building owner has investigated getting one or has money set aside for it? Should I be looking for alternative properties? Or should I proceed on the basis that the mortgage is in place and regulations might well change again before I’m looking to remortgage or sell?  

Appreciate it’s my decision, but would really value others’ thoughts and opinions on this. Thanks in advance!

km1500

You need an EWS1 but Michael Gove has forced most of the housebuilders to sign up.to fixing these issues. Find out who built the block.

https://www.fia.uk.com/news/major-developers-sign-up-to-government-s-remediation-contract-as-gove-warns-those-who-have-failed-to-sign-we-are-coming-for-you.html

NameUnavailable

Who does the surveyor say the EWS1 is for? If the lender isn't asking for it who is?