Good News for nearly half a million flat owners

The government announced that £700,000 has been set aside to train more assessors to be delivered by the RICS  to carry out EWS1 assessments. It is anticipated 2,000 will be trained within six months, with this easing the present issue relating to there being limited availability for Professional Indemnity currently available.

This follows an agreement with the Royal Institution of Chartered Surveyors (RICS), trade body UK Finance and the Building Societies Association, enabling owners of flats in buildings without cladding to no longer require an External Wall Review (EWS1) to sell or remortgage their property.

Robert Jenrick the Housing Secretary, said the requirement had caused “unnecessary anxiety for homeowners” and the move clears the ways for up to 450,000 flat owners to sell, move or remortgage their homes.

The RICS are working with lenders, valuers and fire safety bodies to develop new advice for surveyors where Building owners are already legally required to undertake fire risk assessments on blocks of flats.

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