London CNN — In May 2017, Sophie Bichener did what many in their twenties are unable to do: buy a home. She paid around £230,000 (around $295,000 at the time) for her two-bedroom apartment in a high-rise building in a town north of London, where a train could get […]Click here to view original web…

London CNN — In May 2017, Sophie Bichener did what many in their twenties are unable to do: buy a home. She paid around £230,000 (around $295,000 at the time) for her two-bedroom apartment in a high-rise building in a town north of London, where a train could get […] Click here to view original…

London CNN — In May 2017, Sophie Bichener did what many in their twenties are unable to do: buy a home. She paid around £230,000 (around $295,000 at the time) for her two-bedroom apartment in a high-rise building in a town north of London, where a train could get […] Click here to view original…

Attempts to remove all dangerous cladding from buildings in the wake of the Grenfell Tower disaster have stalled after developers refused to accept Michael Gove’s terms for carrying out the work. Housebuilders were given until December 9 to sign up to a scheme that would have ensured all Grenfell-style […] Click here to view original…

January 9 is the date from which a range of mortgage lenders are honouring their commitment to ensure flats in blocks with unsafe cladding can be bought or re-mortgaged. A commitment was made back in July to re-create a market for landlords and owner occupiers alike. Lenders withdrew mortgage […] Click here to view original…

(Bloomberg) — Six of the UK’s biggest lenders will start offering mortgages for high-rise flats affected by the cladding scandal in a move that could help thousands of Britons sell their homes. Most Read from Bloomberg Barclays Bank Plc, HSBC Holdings Plc, Lloyds Banking Group Plc, Nationwide Building Society, […] Click here to view original…

A protest banner hanging from Peckham’s Cooperative House, an L&Q block affected by cladding Southwark leaseholders endangered by unsafe cladding have received a £500,000 boost from central government – but experts say it’s “way off” what is needed. On December 9, the housing department announced £8 million is being […] Click here to view original…

Owners unable to sell their flats because of unsafe cladding will soon see an end to years of being left in limbo. From January 9, six major banks will scrap their ban on lending on hundreds of thousands of medium to high-rise homes deemed a fire risk. Barclays , […] Click here to view original…

Hundreds of thousands of homeowners trapped in buildings with cladding may now be able to sell their properties after Britain’s largest mortgage provider scrapped its ban on lending. Lloyds has removed its requirement for blocks of flats that are five floors or taller to have an EWS1 certificate, a […] Click here to view original…

Many cladding-hit homeowners will remain trapped in unsellable flats despite new efforts to unblock the mortgage crisis affecting them, campaigners have warned. They described the new guidance to help with the valuation of cladding-hit flats as ‘well-meaning’. But they went on to say that they had ‘serious concerns’ about […] Click here to view original…

A tower block in Salford that had exterior cladding removed in the wake of the Grenfell Tower fire. Six of the UK’s largest banks will start lending on medium and high-rise flats with cladding from January, in a move that could help thousands of people stuck in properties they […] Click here to view original…

Andy Rain Leaseholders and prospective buyers will now have more clarity on purchasing homes with building safety issues, such as cladding, following an update from mortgage lenders and the Royal Institution of Chartered Surveyors. Updated Rics guidance, to be in place from January 9 2023, will help value properties […] Click here to view original…