Leaseholders affected by EWS1 should be insured by govt. to restore value.

Rejected 15 signatures

What the petition asks

Require govt. to protect the investments of leaseholders. The legislation for EWS1 certificates has left many people with valueless properties they cannot mortgage. If the govt would protect the investment to the market value until the cladding is fixed the property market could continue to trade.

Expectations:
- Govt to insure the properties that are currently uninsurable in the private sector due to the cladding/lack of EWS1 certificate.
- Legislate mortgage lenders to accept the govt. insurance and restore value to the property until an EWS1 is issued.
- Restore confidence to the property market and allow mortgaged property trade.
- Stop existing owner tenants being evicted because they have been placed in impossible situations with their lenders through no fault of their own.

Why it was rejected

It asked for something that is not the responsibility of the UK Government or Parliament.

The Government is not responsible for determining the value of properties. This is a matter for buyers, sellers and mortgage providers.

We could accept a petition calling on the Government to fund insurance cover for buildings affected by the EWS1 process, if that is what you want to happen.

We have published the following petitions, which you might like to sign:

Free leaseholders trapped in new build properties by post-Grenfell EWS1 form: Free leaseholders trapped in new build properties by post-Grenfell EWS1 form

Implement select committee recommendations on cladding to protect leaseholders: Implement select committee recommendations on cladding to protect leaseholders

Timeline

9 Feb 2021	Petition opened for signatures
16 Feb 2021	Rejected by the Petitions Committee

Key facts

Signatures 15

Status Rejected

Rejected 16 Feb 2021

Follow this petition