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Third time’s the charm? Version 2 of Form EWS1 fails to make the grade
May 2021On 8 March 2021, the Royal Institute of Chartered Surveyors (“RICS”) published the second version of its Form EWS1 (“Revised Form EWS1”). First published in December 2019, Form EWS1 is designed to provide building owners with the assurances needed to satisfy valuers and lenders that their property is fire safety compliant. However, despite its commendable… Read More >
RICS Proposes Guidance Note in relation to Form EWS1
March 2021RICS has proposed a new guidance note on “Valuation of properties in multi-storey, multi-occupancy residential buildings with cladding”. Background The Government had announced on 21 November 2020 that “owners of flats in buildings without cladding will no longer need an EWS1 form to sell or re-mortgage their property”, however these forms continue to be requested… Read More >
Form EWS1 – a better solution needs to be found
August 2020Will Buckby LLB MCICHT Solicitor and Ian Masser of Beale & Co warn consultants that they should avoid Form EWS1 – designed to provide assurance that a high rise building is fire safety compliant – which imposes unlimited liability on them. Professional indemnity insurance could be compromised by its use, they advise. This article was first published in… Read More >
Changes to RICS Professional Indemnity Insurance (PII) arrangements in the UK and Ireland
July 2024The RICS has this month announced its decision to proceed with important amendments to its Professional Indemnity Insurance (PII) Requirements and Minimum Approved Wording for regulated firms in the UK and Ireland. The amendments, relating to fire safety and the assessment of external wall fire risk, received broad support during the RICS’s industry consultation, reflecting… Read More >
Automated Valuation Models – the Future of Surveying?
May 2023Introduction An automated valuation model (“AVM”) is a statistics-based algorithm which utilises available data such as comparable sales information, market trends and property characteristics to provide an estimate of the market value of a property. The key benefit of using an AVM is that it provides a lender or borrower with a market value figure… Read More >
Virtual Architects’ Roundtable – February 2021
February 2021On 9 February, Beale & Co were delighted to host its latest Architects’ Roundtable for professionals in the industry. With the continuing COVID-19 circumstances, this was second Architects’ Roundtable to be held virtually. The roundtable provided an opportunity for architects to reflect on the key issues, some new and some prevailing, that are affecting the… Read More >
Sign at your peril
October 2020The EWS1 form was meant to offer reassurance about fire safety, but in liability terms it’s a significant risk for consultants. In this article, first published in Building Magazine, Sheena Sood explains how this has impacted the construction industry and the professional indemnity Insurance implications that have followed. To read the full article, please click… Read More >