Building Safety…an Update

Since the RICS Consultation recommendations were published on 8^th March 2021 has there been any difference to valuations of flats with building safety issues? The guidance came into effect on April 5^th, and was  designed to restrict the use of EWS1 forms where possible, as lenders were routinely asking for EWS1 certificates if any cladding was present on any flat, regardless of height. The guidelines have been amended so that no flat that is in a block without either cladding or has vertically stacked balconies containing combustible material should be required to undertake an EWS1 assessment. In addition, all buildings of four storeys or fewer , even if they have cladding and balconies , will also be exempt, unless their cladding consists of any type of MCM (Metal Composite Material)  or  HPL (High Pressure Laminate)  panels.