diff --git a/rpcs3/Emu/Memory/vm.cpp b/rpcs3/Emu/Memory/vm.cpp
index 43ce3adb3f..61e619c5a5 100644
--- a/rpcs3/Emu/Memory/vm.cpp
+++ b/rpcs3/Emu/Memory/vm.cpp
@@ -69,6 +69,16 @@ namespace vm
 	std::array<atomic_t<cpu_thread*>, g_cfg.core.ppu_threads.max> g_locks{};
 	std::array<atomic_t<u64>, 6> g_range_locks{};
 
+	// Page information
+	struct memory_page
+	{
+		// Memory flags
+		atomic_t<u8> flags;
+	};
+
+	// Memory pages
+	std::array<memory_page, 0x100000000 / 4096> g_pages{};
+
 	static void _register_lock(cpu_thread* _cpu)
 	{
 		for (u32 i = 0, max = g_cfg.core.ppu_threads;;)
@@ -215,14 +225,12 @@ namespace vm
 			return 0;
 		};
 
-		atomic_t<u64>* _ret;
-
 		if (u64 _a1 = test_addr(g_addr_lock.load(), addr, end)) [[likely]]
 		{
 			// Optimistic path (hope that address range is not locked)
-			_ret = _register_range_lock(_a1);
+			const auto _ret = _register_range_lock(_a1);
 
-			if (_a1 == test_addr(g_addr_lock.load(), addr, end)) [[likely]]
+			if (_a1 == test_addr(g_addr_lock.load(), addr, end) && !!(g_pages[addr / 4096].flags & page_readable)) [[likely]]
 			{
 				return _ret;
 			}
@@ -230,12 +238,22 @@ namespace vm
 			*_ret = 0;
 		}
 
+		while (true)
 		{
-			::reader_lock lock(g_mutex);
-			_ret = _register_range_lock(test_addr(UINT32_MAX, addr, end));
-		}
+			std::shared_lock lock(g_mutex);
 
-		return _ret;
+			if (!(g_pages[addr / 4096].flags & page_readable))
+			{
+				lock.unlock();
+
+				// Try tiggering a page fault (write)
+				// TODO: Read memory if needed
+				vm::_ref<atomic_t<u8>>(addr) += 0;
+				continue;
+			}
+
+			return _register_range_lock(test_addr(UINT32_MAX, addr, end));
+		}
 	}
 
 	void passive_unlock(cpu_thread& cpu)
@@ -397,7 +415,7 @@ namespace vm
 		g_mutex.unlock();
 	}
 
-	void reservation_lock_internal(atomic_t<u64>& res)
+	bool reservation_lock_internal(u32 addr, atomic_t<u64>& res)
 	{
 		for (u64 i = 0;; i++)
 		{
@@ -412,21 +430,19 @@ namespace vm
 			}
 			else
 			{
+				// TODO: Accurate locking in this case
+				if (!(g_pages[addr / 4096].flags & page_writable))
+				{
+					return false;
+				}
+
 				std::this_thread::yield();
 			}
 		}
+
+		return true;
 	}
 
-	// Page information
-	struct memory_page
-	{
-		// Memory flags
-		atomic_t<u8> flags;
-	};
-
-	// Memory pages
-	std::array<memory_page, 0x100000000 / 4096> g_pages{};
-
 	static void _page_map(u32 addr, u8 flags, u32 size, utils::shm* shm)
 	{
 		if (!size || (size | addr) % 4096 || flags & page_allocated)
diff --git a/rpcs3/Emu/Memory/vm_reservation.h b/rpcs3/Emu/Memory/vm_reservation.h
index bcb0b54dc8..c6573a4084 100644
--- a/rpcs3/Emu/Memory/vm_reservation.h
+++ b/rpcs3/Emu/Memory/vm_reservation.h
@@ -26,18 +26,23 @@ namespace vm
 		return *reinterpret_cast<atomic_t<u64>*>(g_reservations + (addr & 0xff80) / 2);
 	}
 
-	void reservation_lock_internal(atomic_t<u64>&);
+	bool reservation_lock_internal(u32, atomic_t<u64>&);
 
 	inline atomic_t<u64>& reservation_lock(u32 addr, u32 size)
 	{
-		auto& res = vm::reservation_acquire(addr, size);
+		auto res = &vm::reservation_acquire(addr, size);
 
-		if (res.bts(0)) [[unlikely]]
+		if (res->bts(0)) [[unlikely]]
 		{
-			reservation_lock_internal(res);
+			static atomic_t<u64> no_lock{};
+
+			if (!reservation_lock_internal(addr, *res))
+			{
+				res = &no_lock;
+			}
 		}
 
-		return res;
+		return *res;
 	}
 
 	inline bool reservation_trylock(atomic_t<u64>& res, u64 rtime)