Mortgages

Ministry of Housing, Communities and Local Government written question – answered on 15th October 2020.

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Photo of Matthew Offord Matthew Offord Conservative, Hendon

To ask the Secretary of State for Housing, Communities and Local Government, if he will work with mortgage lenders and providers to ensure that sources of evidence other than the EWS1 form are available to provide accurate valuation information for property owners.

Photo of Christopher Pincher Christopher Pincher Minister of State (Housing, Communities and Local Government)

The Building Safety Minister is pressing lenders to accept other forms of evidence on building safety to support their valuations. The EWS1 process should only be used where there is clear need, and where no reasonable assurances or regulatory evidence exists to support valuations.

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