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If it goes through in this way then my building would no longer need one and I'd be able to sell
That's only half the problem though isn't it? The building I'm in is under 18 meters, no cladding, but we still need an EWS1
Sumo-
Not really. I'm under 18m with minimal cladding.
I think the idea is that this change to guidance comes with an agreement form the lending/valuation industries that only buildings that are in scope will require an EWS1. So both yours and mine should be fine.
Still, it'll require underwriting by govt.
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I've read carefully through all of the new EWS1 proposed advice from RICS. If it goes through in this way then my building would no longer need one and I'd be able to sell.
It'll be interesting to see if the banking institutions get on board with this one as they outright refused to listen to the govt when the govt announced that unclad buildings would no longer require an EWS1. I'm not that hopeful TBH until the govt agrees to underwrite either the cost of remediation (£15B), or the losses when a fire occurs (£? but much much lower).