New RICS process to deal with high rise cladding?Make Text Bigger
I am at an advanced stage of selling a flat in a building with 6 storeys, but at this late stage my buyer has come forward to tell me their lender will not progress the sale unless my managing agent can produce a certificate confirming the building does not have high risk cladding.
This would seem reasonable if the building was clad but it’s actually brick with part rendering. I tried to get the requirement dropped, but have subsequently been told the new RICS policy implies that all buildings over 18metres should be tested regardless of their construction type.
It looks like this requirement has overloaded the market for surveying the buildings and it could therefore be months before we get the certificate. My managing agents have a quote for the testing which will cost £5000+VAT
Has anyone else encountered this problem? If anyone has any advice it would be much appreciated
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