Posts Tagged ‘mortgage’
Freeholders ‘shockingly’ able to hide results of EWS1 form if building not fire safe!
by: Beth Rudolf, director of delivery at the Conveyancing Association (CA) No one who has seen the horrific images of the Grenfell Tower disaster will forget just how devastating that fire was, the loss of life it caused, or the deep-seated belief it engendered that this should be something […] 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 MoreCouple living in a flat with dangerous cladding say they may have to declare bankruptcy due to the £25,000 cost of removing it – and fear it means they’ll never be able to start a family
A couple living in a flat with dangerous cladding say their life is ‘on hold’ and they may have to declare bankruptcy due to the £25,000 cost of having it removed. Abi Tubis, 29, of Leeds, is among the thousands of people across the UK who are trapped living […] 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…
Read MoreFeature: Flat owners caught in mortgage trap
The Grenfell fire tragedy of June 2017, in which 72 people died, has highlighted fire safety issues with thousands of blocks of flats, exposed decades of lax building controls, and shone a light on a construction sector that focused on building properties fast and cheap. The fire spread quickly […] Click here to view original…
Read MoreBarnet MP steps up campaign on unsafe building cladding
MP for Hendon Dr Matthew Offord has been campaigning on cladding An MP has stepped up his campaign to help thousands of people “trapped” in homes they are unable to sell due to unsafe cladding. MP for Hendon Dr Matthew Offord has launched a petition calling on the Government […] Click here to view original…
Read MoreRemember Grenfell? Of course you do. Thousands of millennials are still living in flats surrounded by dangerous cladding and trapped in mortgage prisons as a result
It has been three years since the Grenfell tragedy which caused the deaths of 72 people in West London. The fire started in a fridge-freezer on the fourth floor of the 24 storey building and quickly spread throughout the whole of the tower block which housed 350 people. An […] Click here to view original…
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