| answer text |
<p>The External Wall System Review form (EWS1) is not a statutory requirement or government
process. It is an industry tool to inform mortgage valuation. The Royal Institution
of Chartered Surveyors (RICS) have issued guidance on the use and application of EWS1
forms.</p><p>Following the Department’s work in this area, a number of mortgage lenders
have joined a voluntary commitment to offer mortgages on properties affected by building
safety issues. This means that around three quarters of mortgage lending is now covered
by this commitment, which commits lenders to consider mortgage applications for properties
in buildings that are yet to be remediated, or where leaseholders are protected from
remediation costs.</p>
|
 |
