Mortgages: EWS1 Form Debate
Full Debate: Read Full DebateDepartment: Department for Levelling Up, Housing & Communities
Lord Young of Cookham
Main Page: Lord Young of Cookham (Conservative - Life peer)Department Debates - View all Lord Young of Cookham's debates with the Department for Levelling Up, Housing & Communities
(2 years, 10 months ago)
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Lord Greenhalgh (Con)
My Lords, we have had repeated engagement with both UK Finance and also the Building Societies Association on this matter. We are seeing a picture that is troublesome but is continuing to improve, bit by bit. We have taken a number of measures to ensure that we encourage lenders to take a more proportionate approach.
Lord Young of Cookham (Con)
Has my noble friend read Inside Housing for April? It reports that buildings are being issued with a succession of different EWS ratings after a sale has taken place. How can inspectors sign off forms, expressed to be valid for five years, but change them later to the disadvantage of the purchaser?
Lord Greenhalgh (Con)
My noble friend raises an important issue about the inconsistency of the application of EWS1 forms by professionals. I point out that we are working with the British Standards Institution to produce a publicly available specification, known as PAS 9980, which is a code of practice designed to ensure greater consistency in these assessments.