Britain’s biggest building society Nationwide has spoken out on what it is doing to help flat owners in blocks with cladding-related fire safety defects, who are struggling to remortgage or move home. These leaseholders are required to have what is known as an EWS1 form to prove their building is free of fire risk cladding … Read more
Pressure is pilling on the Government to ensure owners of flats earmarked as potentially unsafe in the cladding scandal following the Grenfell disaster do not have to pick up massive repair bills. A cross-party committee of MPs has made it clear in a new report that leaseholders should not be burdened with the costs to … Read more
Tories on verge of revolt over failure to fix cladding scandal in wake of Grenfell tragedy Leaseholders facing bills of up to £115,000 each to remove dangerous cladding MPs Stephen McPartland and Royston Smith have attacked Government over it They aim to build support for solutions that will stop leaseholders paying out By Miles Dilworth … Read more
Hundreds of thousands of flat owners caught in Grenfell cladding row can finally sell their properties Some homeowners had to get an external fire wall review before selling People could be waiting for months or even years for a surveyor’s assessment Government says the forms will not be needed for buildings without cladding By Holly … Read more
Homeowners stuck in flats they cannot sell due to a red-tape nightmare are now so desperate they are flogging their properties at enormous discounts. Lenders have been refusing to offer mortgages on tens of thousands of homes after new safety rules were introduced in the wake of the Grenfell Tower fire. But homeowners say they … Read more
I live in a leasehold flat with dangerous cladding and face a repair bill of £40,000 to get it removed and replaced with safe materials. I’m unable to pay this on top of my mortgage. What happens if I miss my mortgage repayments for several months in a row – will my lender repossess the … Read more
TV property expert Phil Spencer says the Government needs to pay the bill to renovate up to 1.5million homes with unsafe cladding TV property expert Phil Spencer says the Government needs to pay the bill to renovate up to 1.5million homes with unsafe cladding. He said the situation ‘cannot resolve itself’ and that houseowners – … Read more
The number of unsafe homes bought with Help to Buy loans has been ‘grossly underestimated’, according to campaigners. Official figures claim that than less than 300 homes covered in unsafe cladding – mainly flats in blocks – were bought using a Help to Buy loan. People who bought homes covered with non-fire retardant cladding are … Read more
Residents living in unsafe high-rise buildings have slammed new measures aimed at protecting them from soaring repair bills. They claim rules outlined in the draft Building Safety Bill, revealed this week, do nothing to protect them from having to pick up the enormous costs required to make their homes safe. Some of the properties were … Read more
The recent cut in stamp duty could help boost the property market amid the coronavirus pandemic – but there are a slice of homeowners who are unable to take advantage due to unsafe cladding. They have been unable to sell their homes due to the flammable materials used on their buildings. They are effectively ‘prisoners’ … Read more