The block management industry has seen significant changes coming into play in relation to cladding and the use of EWS1 forms.
A new industry valuation process for high-rise buildings has been agreed to help people to lend, purchase and sell homes in developments over six storeys. The guidance put together by The Royal Institution of Chartered Surveyors (RICS), The Building Societies Association (BSA), and UK Finance provides clarity about whether valuers need to further investigate cladding through an EWS1 form before valuing a property in a high-rise block.
Some of the main details of the guidance indicates an EWS1 form is only required when:
The new criteria for an EWS1 Form is:
AND at least one of the following
It has been found that metal cladding and ACM/MCM/HPL are visually similar, and therefore if the building owner or managing agent are unable to confirm in writing that that is is not combustible cladding then an EWS1 inspection will need to be carried out.
For the full guidance notes please click here
If you are a director for a block of flats and require assistance on any of these issues above, please contact Seraph for a quotation for block management services.