Is new guidance on selling high rise flats fit for purpose?

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 8 May 2021

⏱️ 31 minutes

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Summary

Mortgage providers are refusing to follow new guidance intended to help hundreds of thousands of people who are unable to sell or re-mortgage their flats because of the cladding crisis. The Royal Institution of Chartered Surveyors, RICS, issued the guidance to its members across the UK just two months ago. But Money Box has learned that despite being involved in preparing the guidance, many lenders aren’t following it - leaving people struggling to sell because buyers can’t borrow the money they need.

Welfare benefits expert, Anna Stevenson from Turn2us outlines how people on Universal Credit will be able to get cheap broadband and some free calls from June 1st and discusses other discounts on utilities for people on benefits.

National Savings & Investments does not use two factor authentication when you log on to your account. Is that a security risk? Paul Lewis talks to Adenike Cosgrove, a cyber security strategist at Proofpoint.

And nearly two million workers who do more than one part-time jobs are excluded from being automatically enrolled into a works pension - but many are not aware they can join anyway. Pete Glancy, Head of Pensions Policy, at Scottish Widows explains the rules.

Presenter: Paul Lewis Reporter: Dan Whitworth Researcher: Sowda Ali Production co-ordinator: Janet Staples Producer: Ben Carter Editor: Alex Lewis

Transcript

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0:00.0	You're about to listen to a BBC podcast, but this is about something else you might enjoy.
0:05.4	My name's Katie Lecky and I'm an assistant commissioner for on demand music on BBC Sounds.
0:10.8	The BBC has an incredible musical heritage and culture and as a music lover, I love being part of that.
0:17.5	With music on sounds, we offer collections and mixes for everything, from workouts to
0:22.4	helping you nod off, boogie in your kitchen, or even just a moment of calm. And they're all put
0:28.3	together by people who know their stuff. So if you want some expertly curated music in your life,
0:35.0	check out BBC Sounds.
0:41.3	BBC Sounds, music, radio, podcasts. Hello, welcome to this Moneybox podcast.
0:44.3	People on Universal Credit will be able to get half-priced broadband and free calls from next month.
0:50.3	National savings and investments admits it doesn't use the extra security of two-factor
0:56.6	authentication when you log on to your account.
1:00.1	And are you being excluded from a company pension because your pay is too low?
1:05.3	But first, some mortgage providers are refusing to follow new guidance intended to help
1:10.3	hundreds of thousands of people who are
1:12.5	unable to sell or remortgage their flats because of the cladding crisis. The Royal Institution of
1:18.4	chartered surveyors, Ricks, issued the guidance to its members across the UK just two months ago,
1:24.3	but Moneybox has learned that despite being involved in preparing the guidance,
1:28.5	many lenders aren't following it. And that leaves people struggling to sell because buyers
1:34.1	can't borrow the money they need to buy. Dan Whitworth has been investigating, Dan.
1:39.5	Well, Paul, this guidance from Ricks is designed to be a clear guide to help surveyors decide which buildings
1:45.4	do and do not need an exterior wall system or EWS1 form.
1:51.6	Now that's the form that essentially states whether or not a tower block is a fire safety risk
	...

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