How does the EWS1 form affect the buying, selling or re-mortgaging of a flat or an apartment?

Question:
How does the EWS1 form affect the buying, selling or re-mortgaging of a flat or an apartment?
Answer:

A valid EWS1 form can affect the buying, selling or the re-mortgaging of a property in one of two ways. The EWS form will either:

i. Confirm that there are no combustible materials; or

ii. Recommend that remedial works are carried out.

Where a building is found to need remedial works, these works will need to be carried out by the building owner, to ensure the safety of the building, The remedial work has to be completed before a mortgage can proceed unless the lender agrees otherwise.