Six major banks will scrap ban on mortgages for flats covered in unsafe cladding
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 web…
Six major banks will scrap ban on mortgages for flats covered in unsafe cladding
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…
Ipswich Cardinal Lofts residents may be out for a year
The top three floors of Cardinal Lofts in Ipswich were evacuated on 15 November Residents forced to leave their waterfront homes due to fire-risk at their tower block have been told they may not be able to return for a year. The top three floors of Cardinal Lofts in […] Click here to view original…
Relief for mortgage prisoners: Six banks to begin lending on flats with unsafe cladding
The news will be welcomed by thousands of people who have been unable to sell or remortgage their flats with unsafe cladding. (Photo by Leon Neal/Getty Images) A handful of the country’s biggest banks will consider mortgage applications for some flats with dangerous cladding from January, in a sigh […] Click here to view original…
Lloyds Bank and other lenders to resume mortgages on cladding-blighted flats
Lloyds Banking Group PLC (LSE:LLOY) and five of the other main UK mortgage providers have given some relief to flat owners in high-rise blocks blighted by cladding issues by offering loans again. Owners of properties above 11 metres high will now be able to sell or re-mortgage their properties […] Click here to view original…
UK Banks to Restart Loans on Apartments With Flammable Cladding
A memorial to the victims of the 2017 Grenfell Tower fire in London. Photographer: Chris J Ratcliffe/Getty Images 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. Barclays […] Click here to view original…
Harlow Council completes purchase of Occasio House as regeneration of town centre continues
HARLOW Council has completed the purchase of the derelict Occasio House site to enable the delivery of its plans for the regeneration of the Playhouse Quarter. The council completed the £1m purchase last week on the same day it bought the Harvey Shopping Centre. Occasio House has been empty […] Click here to view original…
Luton couple’s dream first home turns into a nightmare including combustible cladding and mouldy ceiling
A Luton couple say their dream first home has become a nightmare – leaving then with a huge bill and a leaking mouldy ceiling. Ann Marie McNally and Aashiq Mortimer bought their flat in Hatton Place in 2018, but only three months later they say cracks started appearing. Problems […] Click here to view original…
Lenders free up loans on properties 5 storeys and higher
Lenders will consider mortgage applications on flats in buildings in England over five storeys (or, 11 metres) from next month, according to a statement from key mortgage lenders and the Royal Institution of Chartered Surveyors released today. The move means that from 9 January lenders have agreed to grant […] Click here to view original…
Owners of Britain’s ‘unsellable’ properties finally able to put flats on the market
Hundreds of thousands of leaseholders trapped by the cladding crisis could be able to sell their flats in as little as three weeks as Britain’s biggest lenders announce they will unlock mortgages for affected properties in January. In a statement on Tuesday, a group of major high street lenders […] Click here to view original…
Relief for mortgage prisoners: Six banks to begin lending on flats with unsafe cladding
A handful of the country’s biggest banks will consider mortgage applications for some flats with dangerous cladding from January, in a sigh of relief for people trapped in unsellable properties. Lenders withdrew mortgage provisions for unsafe flats following the Grenfell Tower disaster, when 72 people were killed in a […] Click here to view original…
Lenders free up cladding rules on flats 5 storeys and higher
Lenders will consider mortgage applications on flats in buildings in England over five storeys (or, 11 metres) from next month, according to a statement from key mortgage lenders and the Royal Institution of Chartered Surveyors released today. The move means that from 9 January lenders have agreed to grant […] Click here to view original…
