The Commercial Impact of Non-Combustible Materials
Under the new regulations, new developments are required to use materials that are A2-s1,d0 rated or Class A1 under the European classification system for balcony construction and all external façade works. The industry has seen several compliance changes in the built environment. Additionally, resultant from this ban there are new consequences from a commercial perspective. Here are three ways the use of non-combustible materials in a residential building may impact your new development, regardless of the height of the building.
The Impact of Non-Combustible Materials on Buyer Mortgages
Mortgage lenders are increasingly refusing to lend on properties that make use of combustible materials within the construction. Especially in high rise buildings, if the vendor cannot confirm the property adequately meets the standards following on from the Building Amendment Regulations 2018, there have been instances of the surveyor valuing the property at £0 until the developer has been able to prove otherwise.
New Home Warranty
Warranty providers are also following the lead of mortgage providers and are not offering warranties such as the 10 years new home warranty on homes that are not compliant.
Further, the use of non-combustible materials can have an additional positive impact on building insurance due to lower risk associated.
Credit to: MyDek, providers of decking made of non-combustible materials.