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Leaseholders affected by cladding could find it easier to sell or remortgage

13 January 2023 – updated 17 February 2023

Six major lenders have changed their rules to allow mortgage applications on properties in buildings in England over 11m tall. Some banks will no longer require EWS1 certificates for these properties.

This follows the implementation of commitments made by mortgage lenders in a UK Finance statement and new RICS guidance that will help assess the value of properties with cladding.

All the banks will require evidence that at least one of the following applies:

The Government will continue to work with industry to monitor these changes but expect the challenges faced by those struggling to buy and sell, including the need to access EWS1 forms, will be eased.

Customers should, where appropriate, approach multiple finance providers to access the best commercial offering from the market.


More information you might find useful:

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