April 2025 EWS1 Form Updates
In April 2025, UK Finance, the Royal Institution of Chartered Surveyors (RICS), and the Building Societies Association (BSA) released significant updates to the External Wall System (EWS1) form process. These changes aim to enhance clarity, reduce transaction delays, and support the stability of the property market, particularly for flats affected by cladding issues.
Key Updates
- Older EWS1 forms (over 5 years old) are still valid in many cases, so you might not need to get a new one just to apply for a mortgage.
- Forms signed by someone who wasn’t properly qualified won’t automatically be rejected by lenders, other proof can be accepted instead.
- Everyone across the UK now has clearer rules to follow, whether you’re in England, Scotland, Wales, or Northern Ireland.
- Mortgage lenders are more open to lending on properties affected by cladding, which makes it easier to buy or sell flats.
Implications for Stakeholders
- Leaseholders and Prospective Buyers: The updates provide greater clarity on the validity of EWS1 forms, potentially reducing delays in property transactions.
- Lenders and Valuers: The guidance allows for a more flexible approach in assessing building safety, considering alternative evidence where appropriate.
- Building Owners and Managers: There is an emphasis on ensuring that assessments are conducted by qualified professionals, aligning with the updated standards.
Conclusion
These updates to the EWS1 form process represent a collaborative effort to streamline property transactions and address the complexities associated with cladding issues. Stakeholders are encouraged to familiarise themselves with the new guidance and consult with qualified professionals to navigate the evolving landscape effectively.
For more detailed information, please refer to the official statements from UK Finance and RICS.
If you require further assistance or have specific questions regarding these updates, feel free to contact us today.