Our client lived in a rented property for a number of years and she became interested in purchasing the property. After our discussions, we decided that she would raise the capital to buy the property from a flat that she owned and rented out. However the problem arose that the flat she owned was in a block of flats over 18 metres and had cladding.
We arranged a mortgage for her 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 she 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 her new property in 2020.
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*Your home may be repossessed if you do not keep up repayment on your mortgage.