An industry-wide form has been released to assist in the assessment and valuation of flats in multi-storey buildings, or where specific fire safety concerns exist. This form has been endorsed by the Royal Institution of Chartered Surveyors, UK Finance and the Building Societies Association and is known as the External Wall Fire Review form (EWS1).
Recent guidance from the Ministry of Housing, Communities and Local Government advises that fire safety must be considered holistically on any multi-storey or multi-occupied buildings irrespective of height.
TMW are adopting use of the EWS1 form with immediate effect and will instruct Valuers to consider its use:
- in respect of any multi-storey/multi-occupied building where there are concerns in relation to external wall systems
- where there are attachments e.g. balconies considered to represent a fire risk, or
- where there are any other significant fire safety concerns.
For more information and full details on how we'll use EWS1 in our mortgage process, please visit our dedicated page below.