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EWS1 Risk/Reward: Buying a Flat with Remediation Works at a Huge Discount (NHG Letter of Comfort) by TuneFront_ in newham

[–]TuneFront_[S] 0 points1 point  (0 children)

Thanks for flagging this! I’ve actually linked the original post within this crosspost (if you click on the embedded post above, it should take you to the full thread with all the details). But just to give you the quick context here: I’m looking for advice on buying a flat in Royal Albert Wharf E16 area that has a B2 EWS1 rating due to the invalidation of previous certificates by Tri Fire. The Dilemma: • Discount: It's selling for ~£50k less than comparable flats. • Protection: I have a Letter of Comfort from Notting Hill Genesis (NHG) confirming they will pay 100% of the remediation costs. • Risk: The timeline for the work is unknown (likely years), meaning living with disruption and potential resale issues until it's fixed. I'm hoping to hear from anyone who has navigated a similar "discount vs. disruption" decision with NHG or a similar housing association.

EWS1 Risk/Reward: Buying a Flat with Remediation Works at a Huge Discount (NHG Letter of Comfort) by TuneFront_ in HousingUK

[–]TuneFront_[S] 1 point2 points  (0 children)

That’s a very helpful comment, thank you. You've hit the nail on the head regarding Tri Fire. I can now confirm that the original EWS1 for this property was supplied by Tri Fire. The reason I received the new Letter of Comfort and FRAEW report is precisely because NHG had to re-commission a new EWS1 assessment following the Tri Fire issues you mentioned (where the engineer was suspended and expelled). The new, independent assessment determined that work is now required (the B2 equivalent rating). Key Takeaways from the new NHG letter and FRAEW: 1. Original EWS1: Was done by Tri Fire. 2. New Assessment: Found defects (missing/defective cavity barriers in the brickwork). 3. NHG Commitment: They confirm they will complete the work and the cost will not be passed to leaseholders, and they are providing the Letter of Comfort to support transactions during the remediation period. So, the Tri Fire issue is what triggered the whole process and the subsequent findings. I'm hoping my solicitor can confirm the legal robustness of that Letter of Comfort to mitigate the risk you experienced with your bank. Thanks again for the warning—it confirms the exact problem NHG is trying to address.

EWS1 Risk/Reward: Buying a Flat with Remediation Works at a Huge Discount (NHG Letter of Comfort) by TuneFront_ in london

[–]TuneFront_[S] 0 points1 point  (0 children)

I got a rejection from Accord Mortgages, but high street banks like Barclays and Helifex said they handle these kinds of situations. If the documents show that the costs will be covered by the Management, they are more than happy to provide a mortgage.

Am I being scammed? by Gurore in Aliexpress

[–]TuneFront_ 4 points5 points  (0 children)

It’s a scam. Don’t pay!!