Purchasing A Flat With Cladding

Our client lived in a rented property for a number of years and became interested in purchasing the property. After our discussions, we decided that they would raise the capital to buy the property from a flat that they owned and rented out. However, the problem arose that the flat they owned was in a block of flats over 18 metres and had cladding.

We arranged a mortgage for their new property and this was agreed subject to a valuation. When the valuation took place the lender wanted a copy of the EWS1 form which would provide assurances about the safety of cladding and other external wall systems. The management company of the flat they owned had an EWS1 form completed, however this was certified by an employee that had since left which therefore made the form null and void.

At Resolve Financial Solutions, we always pride ourselves on going the extra mile and solving any issues that our clients may have. In this case, we contacted the fire inspector and managing agent of the block of flats and liaised with them to ensure a new EWS1 form was completed as quickly as possible.

This was achieved and the mortgage offer was issued and our client completed on their new property in 2020.

Resolve Financial Solutions explore all of your options with you in order to find the perfect solution to suit your needs. Get in touch today to discuss your requirements.

*Your home may be repossessed if you do not keep up repayment on your mortgage.