UK External Wall System Problem, Government Here To Rescue?

Brett Alegre-Wood
December 13, 2020

UK External Wall System/Cladding Am I Affected?

UK External Wall System, government finally came to the rescue for a portion of the people who qualify, for those who don't what do they do?

UK External Wall System Problem

UK external wall system problem has millions of people affected, the government has finally come to the rescue of a portion of the people, let's take a look at who it affects, who it does not affect and what the impact is likely to be. 

Some good news actually. The EWS (External Wall System) effectively which is the cladding we talked about Grenfell, and really they have left a lot of people up in the air, where pretty much what has happened is nobody knew what the hell was going on with this, whether they need to get or they have to get an inspection and mortgage lenders won’t lend until that was there. And effectively making things really, really hard. Bottom line is buildings without cladding don’t need the EWS1 which is great.

It’s nearly 450,000 home owners set to benefit. Government funding to train 2,000 more people but look  that’s been something that’s been hanging over the market and a lot of people have been massively affected, they effectively needed to sell their home and they weren’t able too because they were waiting for this report and the problem now is there is just not enough people to do those reports.

So, that is why they are training extra 2,000 people. The challenge is if you are an owner of a building with cladding, whether you will be a freeholder or a leaseholder you are going to have to foot that bill, in most cases. There may be some circumstances where you can prove the developer knew knowingly, I don’t think that’s going to happen in very many cases. So, I don’t see that as a viable option as such.  

The 3+1 Plan Brett AlegreWood
The 3+1 Plan Brett AlegreWood
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It's a very different market in Scotland, it's a smaller market. There's some fundamental changes namely oil and gas with all the issues there and that I know Aberdeen and a few of those places house prices have dropped considerably. So, it 

I think with the EWS it’s a pain in the bum, but it’s one of those things, it’s a once in a lifetime thing it does not happen very often. I think personally and I have said this many, many times I think the government should grab the bull by the horns and go here is 100M, 1B whatever it is, I think it’s 1.1B it’s going to cost to replace all that I think they should just do that and I think they should just take it off the market, take that off the table, fix them all up, get them all done properly and then put them behind us.

Because it affects not only the tenants but the landlords, everybody. So, you might say those wealthy landowners/ homeowners should be the ones that pay, great but the problem is meanwhile it's going to take and they reckon it could have taken 20 years to sort this problem out. Whereas I think if the government went here’s the funding let’s get this sorted, let’s use industry, there could be a massive stimulus through this recession which is kinda what we need right now. Ways of stimulating the economy and this is a great way because gets all of the construction industry working.

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Video Transcription

UK External Wall System Problem, Government Here To Rescue?

Millions of people affected by the external walling system/ cladding, the government has finally come to the rescue of a portion of the people, let's take a look at who it affects, who it does not affect and what the impact is likely to be. Hey guys don’t forget to click the like and subscribe to my channel so you get notifications and if you can press the notification bell that would mean you will get an update straight to your inbox so you know exactly when I’m going onto livestreams. Obviously I’m doing videos on a daily basis now and you know we are really starting to get into the detail now. If you want to learn about property, if you want to learn how to do property the right way which is what I consider to be in an effortless fashion. So you get professionals doing the various things that you need and you focus on living the life that you want, the career or whatever. If you don’t have the time to go and do it yourself but you know you need to do it. Let's face it we all need to build a portfolio, we need to build a portfolio of properties in order to self fund our retirement and that is critical right now but not just self fund retirement it could also be to create the lifestyle that we want, pay for the kids education and all the things that we want to do with our lives and property can give that to you. So let’s go on a journey and I will teach you how to do all that effortlessly. Some good news actually. The EWS (External Wall System) effectively which is the cladding we talked about Grenfell, and really they have left a lot of people up in the air, where pretty much what has happened is nobody knew what the hell was going on with this, whether they need to get or they have to get an inspection and mortgage lenders won’t lend until that was there. And effectively making things really, really hard. Bottom line is buildings without cladding don’t need the EWS1 which is great. It’s nearly 450,000 home owners set to benefit. Government funding to train 2,000 more people but look  that’s been something that’s been hanging over the market and a lot of people have been massively affected, they effectively needed to sell their home and they weren’t able too because they were waiting for this report and the problem now is there is just not enough people to do those reports. So, that is why they are training extra 2,000 people. The challenge is if you are an owner of a building with cladding, whether you will be a freeholder or a leaseholder you are going to have to foot that bill, in most cases. There may be some circumstances where you can prove the developer knew knowingly, I don’t think that’s going to happen in very many cases. So, I don’t see that as a viable option as such.   I think with the EWS it’s a pain in the bum, but it’s one of those things, it’s a once in a lifetime thing it does not happen very often. I think personally and I have said this many, many times I think the government should grab the bull by the horns and go here is 100M, 1B whatever it is, I think it’s 1.1B it’s going to cost to replace all that I think they should just do that and I think they should just take it off the market, take that off the table, fix them all up, get them all done properly and then put them behind us. Because it affects not only the tenants but the landlords, everybody. So, you might say those wealthy landowners/ homeowners should be the ones that pay, great but the problem is meanwhile it's going to take and they reckon it could have taken 20 years to sort this problem out. Whereas I think if the government went here’s the funding let’s get this sorted, let’s use industry, there could be a massive stimulus through this recession which is kinda what we need right now. Ways of stimulating the economy and this is a great way because gets all of the construction industry working. If there aren't any questions, I want to thank you very much. As always make sure you click the like button, subscribe. If you have any questions put them into that email webinars@gladfish.com and I am happy to answer them back with videos or if they are more specific in nature by all means speak to the team and they can actually go through and explain and answer whatever can give you that clarity. I want to thank you again and we’ll see you next week. Until next week, have a great day and live with passion. See you later bye guys.


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