GUIDANCE (DRAFT) PROVIDES MORE CLARITY ON THE USE OF EWS1 FORMS
The world of external wall cladding is changing rapidly with new guidance, regulations and practices being finalised it seems every few months or less. Now there is more clarity on the use of EWS1 Forms as a Draft Guidance of new advice for surveyors was released, which applies to the previous guidance 'Valuation of properties in multi-storey, multi-occupancy residential buildings - Guidance Note', published by RICS.
The intention of this latest advice is to help the property market get a handle on the scale of the cladding problem in the UK and it is hoped will help the property market move forward as it provides greater clarity on when an EWS1 form should be requested by a Mortgage Valuer say.
The new guidance transfers the responsibility on the valuer to decide whether an EWS1 form is needed for a property and it's clear that those requesting an EWS1 form, usually the Mortgage Valuer, should have good good reason not to request an EWS1 form and this is especially where a building has cladding or is considered to have a higher risk of combustibility within the walls, cladding, insulation and/or appurtenances fixed to these such as balconies with combustible material within say.
The guidance also provides some case studies to demonstrate where an EWS1 is required, which it is hoped will help clarify the situation for those valuing property for lending purposes.
There are, however, some concerns that a visual inspection is insufficient to sufficiently identify potential combustible materials, say cavity insulation or whether cavity barriers exist. So if in doubt it's likely a Mortgage Valuer will act with caution and may where such uncertainty exists, simply request an EWS1 form.
You can view a copy of the building by clicking link below.