property investment

If you have heard about the incident of 24-storey block flat fire in North Kensington, you might also have heard about the new health and safety assessments that were introduced in order to protect tenants. If you are a landlord or a house owner, you must keep these rules and regulations in mind. Due to this new guidance, landlords must perform stringent combustibility testing of all the residential apartment blocks and buildings above the height of 18m that come under their ownership. After this rule has become a necessity, there have been a lot of problems when it comes to purchasing, selling, leasing, or even remortgaging certain flats and buildings.

Several departments, such as the Royal Institute of Chartered Surveyors, UK Finances, and Building Societies Associations have agreed to come up with a unified testing system known as External Wall Fire Review Process (EWFR) so that the process can be carried out in a much more efficient way. You can also get external wall fire review surveys by independent contractors and if you need help with

As a landlord, you have to be extremely careful when renting out the property, such as apartments or high-rise buildings with an external wall system or which is prone to catch fire due to possible combustible material present in the vicinity. You must obtain a certificate of assessment for all your composite doors, laminate claddings, aluminum composite cladding, timber balconies, and other spaces that are combustible. Taking precautions should be your first preference, and you should transform all your current properties so that they are safe from fire. If you don’t do that, it could lead to a huge problem in the future, and you may even lose your property.

Until now, all of it is very simple, if you have an apartment block or if you own a high-rise building, you need to get it checked so that it is fireproof. However, a very big problem arises due to the fact that there is a huge number of buildings that need to be reviewed, and due to that, there is an increased demand for approved specialists who can give landlords the certificates that they require. Once you have been granted a certificate for safety, it remains valid for the next five years. You only need one certificate per building, and even if you have one, you have to be ready for a random inspection every now and then.

Now, you have to be very careful and get your property inspected as soon as possible. If you don’t have an EWS1 form for your property, it is virtually worthless, rendering it unmortgageable and unsellable until you get all the right certifications for it. So, you need to find a good approval specialist for yourself, get a quote, and get your property inspected and approved so that you can continue earning profit from it. You should see this as a sign of relief as, after the inspection, your property will be less prone to accidents.

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