Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Housing, Communities and Local Government, what recent assessment he has made of the effect of the installation of the External Wall System, EWS1 on the ability of leaseholds to sell properties that previously had been fitted with flammable cladding.
The Government is aware that some lenders are requesting valuers use the EWS1 form on a wider scope of buildings than was intended and this may be having a negative effect on the mortgage market for such buildings. The Minister for Building Safety held a roundtable with mortgage lenders, who agreed a nuanced approach to risk is required. They are reviewing their policies and guidance to valuers on the use of the form.