Submitted on Tuesday 9th February 2021
Rejected on Tuesday 16th February 2021
Current status: Rejected
Rejection code: irrelevant (see below for details)
Leaseholders affected by EWS1 should be insured by govt. to restore value.
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.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
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: petition.parliament.uk/petitions/328201
Implement select committee recommendations on cladding to protect leaseholders: petition.parliament.uk/petitions/550908
3.138.178.7 Mon, 18 Nov 2024 12:38:21 +0000
