cladding Flats with cladding - be careful what you buy - lenders wont fund them

[stevewalker]

Lenders are already steering away from certain flats with cladding unless they have the required certificates - Most don't.

Even one of our most accommodating specialist lenders today made it clear that they will be unable to lend on:
"Flats with cladding and/or balconies that stack vertically above each other containing combustible materials or the balconies are directly linked by combustible materials where the EWS1 form identifies that remediation work is needed and has not been carried out"

Read the article for more background.
https://www.mortgagefinancegazette.com/market-news/surveying/blog-cladding-crisis-forward-06-09-2021/

Steve Walker

www.promisemoney.co.uk