Sovereign Harbour Property At Risk

As a result of the Grenfell disaster the government introduced an industry standard cladding and insulation survey the ESW1 certificate. This was meant to be for tower blocks, but the remit has been spread much wider to cover most blocks of flats including many in Sovereign Harbour.

There is a shortage of qualified surveyors able to do the certification and they are unable to get indemnification insurance in case the unthinkable happens and there is another disaster.

Mortgage companies are refusing to grant mortgages or remortgages to properties without an ESW1 certificate.

This has put a massive potential financial burden on flat owners in order to comply (and even then, the certificate is only valid for 3 years), as well as devaluing ALL apartments nationwide, by making them un-mortgageable and largely unsaleable. If we believe the media reports, the implication is that resolution could take up to 10 years.

Dr Kathy Ballard Liberal Democrat County Council Candidate for Sovereign Ward said, “The government MUST urgently intervene in this situation and find a workable resolution to this craziness. Obviously, we all understand and appreciate the need for fire safety and want to support sensible actions, but whoever came up with this debacle, clearly hasn’t thought it through. I have written to the Ministry of Housing, Communities & Local Government calling for action to be taken on this matter at once. I understand from social media that many Sovereign residents have written to Caroline Ansell, MP and Sovereign Borough Councillor on this matter, but have so far received no response, let alone any action from her”.

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