- Some flatowners now have worthless properties Archived Message
- Some flatowners now have worthless properties - Mary August 28, 2020, 12:52 pm
- Time to make a killing....nm - Keith-264 August 28, 2020, 1:03 pm
Posted by Mary
on August 28, 2020, 12:52 pm
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Following the Grenfell fire/tragedy, any building with cladding has to have an EWS certificate. The certificates issued by surveyors belonging to the RICS, are very expensive. Banks are refusing to mortgage flats. EWS - External wall system Flat sale ‘slowdown’ as government guidance causes mortgage refusals on buildings under 18m NEWS 12/06/20 Sales of apartments across the country have ground to a halt across the country as government fire safety guidance has seen banks refuse mortgages on buildings of all heights, Inside Housing can reveal. The certificates issued by surveyors cost thousands Some flat owners are having to employ fire wardens who sit keeping a look out for fire breaking out. 'The flat residents fighting cladding costs Gina's Game Changers. Three years on from the Grenfell Tower fire, many thousands of people are still living in high rise buildings with dangerous cladding. The costs of making private buildings safe have in many instances been passed onto flat owners - and some flats have been declared worthless.' https://www.bbc.co.uk/programmes/p08lqyy4 |
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