UK Finance Updates Lender Statement on EWS1

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Today, Thursday 24 April, UK Finance has published an update to the current lender statement on cladding. This update covers:

  • Reliance in the mortgage journey on EWS1 forms more than five years old; and
  • The scenario of an EWS1 form in the mortgage journey by an invalid signatory

Leaseholders and prospective buyers will now have more clarity on purchasing homes with building safety issues, following a key update from mortgage lenders and the Royal Institution of Chartered Surveyors (RICS) regarding EWS1 forms. 

To read the UK Finance lender statement update in full  CLICK HERE