Boris 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…

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Coordinated 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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Government urged to foot £15bn bill to fix unsafe cladding

Phil Spencer is calling on the government to take control of the growing cladding crisis by providing the funds required to fix the situation. Three years on from the tragic Grenfell fire, an estimated 2,000 high risk residential buildings still have combustible cladding on them, and the problem simply […] Click here to view original…

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British homeowners face bankruptcy, homelessness

When single mother Timea scraped together enough money to buy a two-bedroom flat in London, she looked forward to providing her son with the security of their own home. But two years later, Timea and thousands of other homeowners in Britain face bankruptcy and homelessness due to the cost […] Click here to view original…

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Why the cladding scandal will derail the house price boom and create ‘catastrophe’

The Grenfell cladding scandal could kick off a housing market downturn and “sterilise whole areas” of city centres, property experts and MPs have warned…. To continue reading Already a subscriber? Log in Enjoy unlimited access to all articles Choose from all our exclusive newsletters Unlock money-saving offers and events […] Click here to view original…

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