1/6 Fire-risk bills of £100,000 per flat - much bigger than government policy has factored in - are landing on doormats as ministers plan loans for leaseholders #EndOurCladdingScandalthetimes.co.uk/article/hidden…
2/6 New @ARMAleasehold figures show average remediation bill is £50k per flat, of which flat owners must pay more than HALF for defects that breached building rules at the time but fall outside govt funds. This will add fuel to calls for developer levies thetimes.co.uk/article/hidden…
4/6 “I’m so tired” - junior doctor cladding campaigner @willmartin88 came home from the frontline of the pandemic to find that half his £100,000 bill to fix fire risks at his Sheffield flat will not be covered by government funds — leaving him liable for £52,000
5/6 Update on cladding gag: @team_greenhalgh says “There is nothing in the agreements . . . which curtails the freedom of applicants, nor of individual leaseholders, to comment on building safety matters to the press"... thetimes.co.uk/article/hidden…
6/6. ... but the clause is still in both govt's cladding fund agreements. It binds entity applying (ie leaseholder directors of resident companies, managing agents and freeholders) from speaking to press. @gtomlin@CommonsHCLG's Clive Betts condemned gag thetimes.co.uk/article/hidden…
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For the past 2 weeks I spoke to >60 people to find out the true scale of the cladding crisis. It could leave 6% of homes unmortgageable for years and hit the whole housing market thetimes.co.uk/article/thousa…
So far, 92% of blocks have failed detailed new safety checks. Then lenders won't lend and leaseholders must wait 5-10yrs (and pay £££££) before they get the sign-off they need to sell/get a new mortgage
Lenders are asking almost any modern flat for this proof. I found examples in 3-storey brick buildings where sales fell through and caused chains to collapse
@Law_Commission@LKPleasehold@NLC_2019 Campaigners fear that the Law Commission's leasehold reforms will be scaled back as powerful freeholders, who could lose an estimated £16 billion through the proposals, threaten legal challenge.
@Law_Commission@LKPleasehold@NLC_2019 The measures could help people with high ground rents. On a £250,000 home with £300 ground rent that doubles every 10 years, it could cut the price of buying the freehold by £73,000.