Posts Tagged ‘Mortgage Lenders’
RICS issues cladding guidance for public consultation
The Royal Institution of Chartered Surveyors (RICS) has issued proposed guidance for public consultation, stating that on buildings over six storeys there should be no cladding or curtain wall glazing on the building. For buildings of five or six storeys, the guidance proposes that there should not be a […] Click here to view original…
Read MoreBritain’s biggest building society Nationwide speaks out on cladding fire safety risk scandal – and how it will help owners get moving again
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 […] Click here to view original…
Read MoreThe cladding scandal: The thousands left without a mortgage or unable to sell
The government recently unveiled a social housing white paper, which hopes to transform social housing’s future for the better and give hope to those affected by the disasters from the past. The seven step charter set out by the government to help raise the standards of social housing, both […] Click here to view original…
Read MoreRemoving dangerous cladding will take ‘number of years’, says housing secretary
The exterior of Citiscape in Croydon, south London, which has the same cladding as Grenfell Tower Removing dangerous cladding from buildings will take a “number of years”, the housing secretary has told Sky News. Robert Jenrick said he did not want to give people “false hope” by saying the […] Click here to view original…
Read MoreBristol couple stuck with £700k London flat they can’t sell – because of its cladding
Becky’s family outside their London flat A couple who live in Bristol could be stuck with a London flat they do not want for years – due to the cladding used when building it. Becky and Jamie moved from London to Bristol in June this year, but have been […] Click here to view original…
Read MoreDangerous cladding removed from less than half Southwark’s affected blocks
Less than half have had cladding removed L&Q’s Arch Street – residents had to move out in 2019 during remedial work after fire safety problems were identified. Residents in other blocks around the country have not even had work begin. More than three years after the Grenfell tower disaster […] Click here to view original…
Read MoreI live in a block of flats with dangerous cladding and can’t afford the potential £40,000 bill to get it removed, what can I do?
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 […] Click here to view original…
Read MoreForced to sell their homes at any price: Banks refuse to mortgage flats over cladding fears in the wake of the Grenfell fire
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 […] Click here to view original…
Read MoreBoris Johnson hints at help for leaseholders in buildings under 18m hit by cladding issues
The Royal Institution of Chartered Surveyors (RICS) is drawing up a new ‘risk matrix’ to help leaseholders unable to sell flats in blocks shorter than 18m with potentially dangerous cladding, the prime minister has said. Boris Johnson during prime minister’s questions (picture: Parliament TV) Sharelines Speaking during prime minister’s […] Click here to view original…
Read MoreCoordinated effort needed on cladding as borrowers face years in limbo – Ganatra
Homeowners living in flats are finding it near impossible to remortgage where they cannot provide evidence of an external wall survey which confirms the building is free of combustible materials. In the wake of the Grenfell disaster, surveyors acting for mortgage lenders are making extra checks to ensure a […] Click here to view original…
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