Owning your own home

Anyone who’s lender says they need one based on an eyeballing of the building or a hunch

Finally exchanged. It's been fairly stressful but the offer that came in after our previous buyer pulled out was actually a little higher and there's the stamp duty holiday too so it's worked out pretty well.

This

Cladding, as you recognise it, is only one type of EWS. Pretty much every modern building has some type of external wall system and its this that has brought lots into scope that shouldn't be, when the focus was primarily on ACM.

It's definitely an insurance problem, one of the big catalysts at the moment is surveyors are being told their PI insurance won't cover them when signing off EWS1 forms.

But it's also a valuation problem. The average block is going to drop in value by x% because at some point leaseholders are going to be hit with a bill for remediation works, and whomever is the leaseholder at the time will be left holding the can.

This could paralyse the bottom rung of the housing market.

What an absolute shower of shit.

I really hope you get this sorted for your sake. Although as you said if its going to affect an awful lot of people I'd imagine the gov will want to sort it ASAP.

It's ok. I'm resigned to the fact that I can't sell my flat, will have to rent it out and move back in with my parents while I figure out what to do with my new house / how I can afford to renovate it.

#firstworldproblems

Just been speaking to my mortgage broker. He has found a lender who does not require an ews1 form to lend on flats, so if you want pm me and I'll send you all relevant details. The only draw back is the repayment charges are punitive so you will have to go for at least 2 years and resign yourself to being a landlord for the foreseeable future.

It won't solve all of your problems but you may be able to leverage against the flat in order to proceed with the renovation works at your house.

Got to put this one on the route

https://www.rightmove.co.uk/property-for-sale/property-79055890.html

Looks like a multiplex cinema.

Or the mid-range brand of a high end hotel chain... one of the ones where the name and a statement frontage looks impressive on booking.com but it’s basically a Travelodge.

Classy

That's quite a lab

Unique, solitary and architecturally designed ... but no pictures of the front of the house.

Definitely no alarm bells there.

https://www.rightmove.co.uk/property-for-sale/property-82641508.html

Only beer.

No meth.

Just use the Streetview option on the map page.

Yes, looks perfectly ordinary:

https://www.google.co.uk/maps/@51.565712,-0.1118561,3a,75y,29.09h,84.52t/data=!3m7!1e1!3m5!1soECFANGOsQDcyO8O69QO1w!2e0!6s%2F%2Fgeo3.ggpht.com%2Fcbk%3Fpanoid%3DoECFANGOsQDcyO8O69QO1w%26output%3Dthumbnail%26cb_client%3Dmaps_sv.tactile.gps%26thumb%3D2%26w%3D203%26h%3D100%26yaw%3D323.5588%26pitch%3D0%26thumbfov%3D100!7i16384!8i8192

Just moved in our new place. I have the odd feeling we are renting on Airbnb and this place is not really ours.

That sometimes goes to the post code rather than the exact property. I'm hoping it's this one.

1 Attachment

I'm getting a little worried about this EWS form stuff. My girlfriend's place is in a new build block, only 5 stories and appears to be brick on the outside but we plan on selling in the nearish future, I hope this doesn't scupper our plans.

You can easily find out by organising a valuation from the mortgage company

It's not, it's the one I linked to, 122.

Would they send a surveyor to judge if it needs one? I'm hoping for a way to know without getting the vultures involved.

Yeah if she says that she wants to remortgage at a different valuation then they have to send a valuer. Then just don't go through with it.

Would they send a surveyor to judge if it needs one?

My buyer's lender apparently did a drive by survey, didn't need access.

Which I thought was curious. Made me wonder how big their deposit was.