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Flats: Insulation

Question for Ministry of Housing, Communities and Local Government

UIN 113243, tabled on 9 November 2020

To ask the Secretary of State for Housing, Communities and Local Government, with reference to his Department's guidance, Advice for Building Owners of Multi-storey, Multi-occupied Residential Buildings, published in January 2020, what discussions he has had with mortgage lenders on the valuation of properties with potential fire safety issues.

Answered on

16 November 2020

The January 2020 Advice for Building Owners of Multi-storey, Multi-occupied Residential Buildings, was written for building owners to ensure the safety of their buildings. It was not designed to be used for valuation purposes. The EWS1 process was designed by RICS to address lender concerns about cladding in high-rise residential buildings, but industry has applied it more widely than it was intended. Government does not support a blanket use of EWS1. The Building Safety Minister has met with mortgage lenders seeking their support to a more proportionate approach to valuation of multi storey, multi occupied residential buildings.