Get mortgage happy. 020 8517 1141

22 Apr 2022

The Cladding Issue

Over the past two years, we have been helping clients navigate the ever-changing rules imposed by lenders and the Government around the mortgage-ability of homes with potentially dangerous cladding or those which still contain fire risks. The risks still being - flammable material clad to the outside of homes, and/or wooden balconies stacked above each other, another fire risk lenders are cautious of lending against.

Michael Gove took over as Housing Minister in September of last year with a big job ahead of him and we have been waiting for The Housing Bill to go through parliament that will set down in law how this issue is to be resolved.

The latest from Michael Gove is that he is looking to stop housebuilders from selling homes if they do not sign up for the voluntary repair scheme. So far £2bn of funds have been committed by major housebuilders to repair the homes of larger properties (over 4 stories) that they had developed. A further £3bn is being collected by Government from a new levy imposed on developers when building new homes.

From a lender’s perspective, they are in different camps.

Camp 1

Will not lend on any flats at all.

Camp 2

Will only lend when an acceptable certificate has been issued, called an EWS1.

Camp 3

Will lend on properties below a pre-set number of floors be it 4,5, or 6.

For flats still with cladding and no valid EWS1 borrowers are stuck without being able to sell until these promised funds have been spent and these homes have been deemed safe. The Housing Bill due to go through soon is aimed to fix that.

The Cladding Issue

Privacy notice

HOME OF MORTGAGES will be what is known as the ‘controller’ of the personal data you provide to us. We only collect basic personal data about you which does not include any special types of information or location-based information.

Why do you need my data and what will it be used for?

We need to know your basic personal data so we can make contact with you and respond to your message, request or query. All the personal data we process is processed by our staff in the UK.

Who is my data shared with?

Your data will only be shared with third parties if this is necessary to respond to your request. If this is the case, we will seek your permission before passing on your details.

How long do you keep my data for?

We may store your data for up to six years past the end of any business relationship, after which time it will be securely destroyed. If you would no longer like us to process your data at any time, you have the right to object to processing of your data. To do this, please contact

What are my rights?

You have the right to object to the processing of your data. You also have the right to request access to your data at any time. You have the right to rectification and/or erasure of personal data or restriction of processing. If you wish to raise a concern related to how we have handled your personal data, you can contact us to have the matter investigated at If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law, you can complain to the information commissioner’s office: