Posts Tagged ‘mortgage’
Red tape nightmare that stops millions selling their homes: Lenders demand proof buildings do not pose fire risk
Thousands of people living in flats say they can’t remortgage or sell their homes due to new safety advice issued in response to the Grenfell Tower fire. Concerns over cladding mean that lenders will not offer a new mortgage on some apartment block homes without paperwork to prove the […] Click here to view original…
Read MoreLeaseholders could be trapped in homes for years as housing associations struggle to cope with scale of EWS crisis
Leaseholders could be left unable to sell or remortgage their homes for years as housing associations struggle to cope with the scale of the external wall system crisis currently afflicting the housing market Click here to view original web page at www.insidehousing.co.uk
Read MoreCouple trapped in flat waiting for fire safety form that could take ‘years’ to come
A couple expecting a baby are trapped in their East London flat because their housing association cannot produce the fire safety certificate now required by many lenders to offer a mortgage on homes in multi-storey buildings. Siobhan Frost and her partner have been warned by their housing association Peabody […] Click here to view original…
Read MoreBrum leaseholders on uninsured cladding site face eviction, reports BBC R4 You and Yours
In default of their mortgages. Some furloughed. Some unemployed. All looking to government … Brindley House, pictured behind, is a 16-storey ex-telecom office building from the 1970s that was converted into flats in 2011 after years of abandonment (photo credit Elliott Brown). The former BT property will lie empty […] Click here to view original…
Read MoreNHS heroes stuck in cladding ‘bureaucratic nightmare’, Mayor tells MPs
The Grenfell Tower block in west London in October 2019. Photograph: Steve Parsons/PA. Hundreds of Hackney leaseholders are living with “considerable stress and anxiety” as they battle building owners, mortgage lenders and the government over the removal of potentially dangerous cladding. This was the message from Hackney’s mayor in […] Click here to view original…
Read MoreFatcat developers created our housing crisis. Here’s how to stop them
If you want to see who influences the government, you can do worse than look at Whitehall’s neighbours. In a grand Victorian building opposite the House of Commons in Parliament Square stands the headquarters of the Royal Institution of Chartered Surveyors . With a history dating back to 1792, […] Click here to view original…
Read MoreRemediation of unsafe cladding to continue despite COVID-19
Although the issue has been partially obscured from public view by the coronavirus crisis, the UK government has said that work to replace flammable cladding on residential buildings of 18m or taller remains a priority. Helen Andrews, a construction law partner at European law firm Fieldfisher , takes a […] Click here to view original…
Read MoreMHCLG Letter – Remediation of unsafe non-ACM cladding systems on residential buildings
Property industry welcomes ‘the biggest change in building safety for a generation’
Housing secretary Robert Jenrick has announced new measures to further reform the building safety system. The steps announced include mandatory sprinkler systems and consistent wayfinding signage in all new high-rise blocks of flats over 11 metres tall. The government consulted on its proposals for a new building and fire […] Click here to view original…
Read MoreGovernment announces ‘biggest changes to building safety in a generation’
Housing Secretary Robert Jenrick MP has announced new measures to reform the building safety system with the biggest changes in a generation to ensure residents are safe in their homes. The measures, announced ton on 2 April 2020, include mandatory sprinkler systems and consistent wayfinding signage in all new […] Click here to view original…
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