Buy to Let Lending Criteria for cladding
Lending criteria
Cladding
Where the valuer has requested an EWS1 form due to the cladding being present on the property the following guidance will apply.
A completed EWS1 form will be required from a member of a relevant professional body, along with a covering letter on headed paper which will confirm they are suitably qualified. This will then be assessed by our underwriters.
If an EWS1 form is not available for a new build property a letter from the developer can now be accepted. This is subject to the letter being on a headed letter with the developer’s company details clearly present. The letter must confirm that the property is being built in accordance with the Building (Amendment) Regulations SI 2018/1230 and/or, that there are no materials included in the building of the flats that would cause an EWS1 form to be unsuitable.
Related Criteria
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