(EWS1) Is anyone living in/selling/sold a flat in england with cladding remedial works completed?

thingemajib

Hi all!

As per title, has anyone owned a flat in England that received an A3/B2 rating and has since had the remedial work completed? Looking for information such as:

Were the works completed on schedule?

Were the works covered by the developer?

Have there been any surprise costs and/or large jumps in service fees because of this?

What EWS1 rating did the building receive after?

Most importantly, has it made selling any easier?

Did it have any effect on the value?

What is the general public's perception of such a flat - is it now considered perfectly fine or is there still some hesitation because of the history?

As you can probably tell by my questions my building is about to have the remedial works started - estate agents are telling me it'll be happy days once its done but pretty much everyone else are saying it'll still be a disaster, so would like the opinion of those who have been through it already!

ReadySteadyPop

thingemajib said:

Hi all!

As per title, has anyone owned a flat in England that received an A3/B2 rating and has since had the remedial work completed? Looking for information such as:

Were the works completed on schedule?

Were the works covered by the developer?

Have there been any surprise costs and/or large jumps in service fees because of this?

What EWS1 rating did the building receive after?

Most importantly, has it made selling any easier?

Did it have any effect on the value?

What is the general public's perception of such a flat - is it now considered perfectly fine or is there still some hesitation because of the history?

As you can probably tell by my questions my building is about to have the remedial works started - estate agents are telling me it'll be happy days once its done but pretty much everyone else are saying it'll still be a disaster, so would like the opinion of those who have been through it already!

I would say the public perception is negative, the only way to find out is to test reality by trying to sell it.

silvercar

I know of places in London where the work has been done. It actually makes the properties mortgageable. There are a lot of people just waiting to sell who have been on hold until the work is done, so I would expect there to be more sellers than buyers once the work is completed. Likely to mean prices are lower than they would be without this debacle. Once the certificates are updated, the cost and delay to a potential buyer is immaterial.

ReadySteadyPop

silvercar said:

I know of places in London where the work has been done. It actually makes the properties mortgageable. There are a lot of people just waiting to sell who have been on hold until the work is done, so I would expect there to be more sellers than buyers once the work is completed. Likely to mean prices are lower than they would be without this debacle. Once the certificates are updated, the cost and delay to a potential buyer is immaterial.

The public just thinks "cladding"  though and makes a negative association, it is like the "You say Barracuda......" scene in Jaws, I think a lot of these properties will be unsellable, especially in London where there has been massive over-building.            

silvercar

ReadySteadyPop said:

silvercar said:

I know of places in London where the work has been done. It actually makes the properties mortgageable. There are a lot of people just waiting to sell who have been on hold until the work is done, so I would expect there to be more sellers than buyers once the work is completed. Likely to mean prices are lower than they would be without this debacle. Once the certificates are updated, the cost and delay to a potential buyer is immaterial.

The public just thinks "cladding"  though and makes a negative association, it is like the "You say Barracuda......" scene in Jaws, I think a lot of these properties will be unsellable, especially in London where there has been massive over-building.            

I’d have thought a correct certificate would give reassurance, probably more than a property that didn’t need one.

ReadySteadyPop

silvercar said:

ReadySteadyPop said:

silvercar said:

I know of places in London where the work has been done. It actually makes the properties mortgageable. There are a lot of people just waiting to sell who have been on hold until the work is done, so I would expect there to be more sellers than buyers once the work is completed. Likely to mean prices are lower than they would be without this debacle. Once the certificates are updated, the cost and delay to a potential buyer is immaterial.

The public just thinks "cladding"  though and makes a negative association, it is like the "You say Barracuda......" scene in Jaws, I think a lot of these properties will be unsellable, especially in London where there has been massive over-building.            

I’d have thought a correct certificate would give reassurance, probably more than a property that didn’t need one.

I`m not convinced it reassures large enough numbers of people to get decent sales going, people will look at other alternatives now I think.