‘We won’t be able to afford our homes’: The people trapped on variable mortgages as interest rates soar
Today’s interest rate decision is set to deepen the UK’s mortgage crisis – and will be particularly painful for those trapped on variable rates Many people affected by the cladding crisis are trapped on variable rate mortgages, meaning today’s decision by the Bank of England will have an immediate […]Click here to view original web…
I moved home in 2021 but couldn’t sell my old flat due to unsafe cladding: Will I ever get back the 3% extra stamp duty I paid on my ‘second home’?
I have owned a one-bedroom flat in London since 2014. In 2021, I started a family and we decided to move out as the flat was no longer fit for purpose. My intention was to sell the flat. However, the development I was living in was deemed to have […] Click here to view original…
I moved home in 2021 but couldn’t sell my old flat due to unsafe cladding: Will I ever get back the 3% extra stamp duty I paid on my ‘second home’?
I have owned a one-bedroom flat in London since 2014. In 2021, I started a family and we decided to move out as the flat was no longer fit for purpose. My intention was to sell the flat. However, the development I was living in was deemed to have […] Click here to view original…
Mortgage repayments leave people fearing they ‘won’t have anymore money’
Mortgage repayments have left people fearing that they will reach a point where we “just simply won’t have anymore money”, amid soaring interest rates. Figures from Moneyfactscompare .co.uk showed the average two-year fixed-rate residential mortgage rate on the market jumped to 6.07% on Tuesday, from 6.01% on Monday. Despite […] Click here to view original…
Mortgage repayments leave people fearing they ‘won’t have anymore money’
One person told PA: “We’ve had to cut back on everything – no eating out, we’re not buying clothes or really doing anything social anymore.” Subscribe to our daily newsletter! Two people next to each other Mortgage repayments have left people fearing that they will reach a point where […] Click here to view original…
Only 2% of respondents believe the government is handling the crisis “very well”; more action is needed
Like it? Share it! More than half of respondents, or 62%, in the YouGov survey said they thought the government had handled the issue of flammable cladding poorly. 20 June 2023 Fire Safety Signs & Notices Fire Doors Fire Safety Fire Engineering FD&A Cavity Barriers Fire and Rescue Equipment […] Click here to view original…
Mortgage repayments leave people fearing they ‘won’t have anymore money’
Mortgage repayments have left people fearing that they will reach a point where we just simply won’t have anymore money (Alistair Goodfellow/Lisa Petty/PA) Mortgage repayments have left people fearing that they will reach a point where we “just simply won’t have anymore money”, amid soaring interest rates. Figures from […] Click here to view original…
Cladding: Just 2% think Government dealing with crisis ‘very well’ – calls for more action
A cladding campaing group has called on opposition parties to “commit to firm action and full protection for all leaseholders”, following the publication of a damning poll into the Government ’s response to the crisis. Following the Grenfell Tower tragedy in 2017, in which 72 people died after a […] Click here to view original…
Two-thirds of London boroughs home to tower with ‘Grenfell cladding’
T wo thirds of London boroughs still have at least one tower block with the same combustible cladding blamed for fuelling the spread of the Grenfell fire, it can be revealed. Hundreds of buildings across the UK were identified as having Aluminium Composite Material (ACM) installed after the devastating […] Click here to view original…
Agreement ‘in-principle’ reached for builders to remove unsafe cladding
An in-principle agreement has been reached with housing developers on the removal of unsafe cladding from buildings, the Scottish Government has said. The deal, which includes the industry body Homes for Scotland, could lead to companies which built the properties paying for the cladding work to be remediated. A […] Click here to view original…
What steps could government take to help mortgage borrowers?
Leyton, east London. The government could target borrowers more at risk of falling into arrears, suggests one analyst. As rising interest rates put a squeeze on millions of mortgage borrowers there have been calls for the government to intervene. But what could it do to help cash-strapped households? Improve […] Click here to view original…
Building safety still a concern
Six years ago this week, the nation awoke to the horrific news that a fire had broken out in the night at Grenfell Tower, a residential block in west London. The tragedy ultimately cost 72 lives, with many residents trapped in their homes unable to escape the smoke and […] Click here to view original…