RICS releases updated home valuation guidance for flats in buildings with cladding
Original Article Summary
Updated RICS valuation guidance issued for cladded multi-storey residential buildings
PropMatch Curated Analysis
RICS has updated its professional standard on mortgage valuations for cladding-affected flats, effective November 2026, introducing clearer criteria for when EWS1 forms are required and allowing PAS 9980 appraisal summaries as alternatives in certain cases. The aim is to reduce unnecessary EWS1 requests while ensuring material valuation risks are still captured.
Investor Relevance
Investors holding or acquiring leasehold flats in multi-storey buildings with cladding face direct implications: the updated standard may ease mortgage availability and improve marketability for some properties previously blocked by EWS1 requirements, while clarifying which buildings still carry valuation risk. This affects acquisition pricing, exit strategy, and refinancing assumptions for apartment block and leasehold flat investors.
Original Source:
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