Homeowners who own flats that have the same type of cladding that was used on Grenfell Tower have reported that they’ve had to offload their homes at knockdown prices.
New rules mean homeowners require an EWS1 form to prove their building is free of dangerous cladding, but there are fewer than 300 engineers qualified to carry out the survey on 1.5 million or so affected flats.
Information from Monday Mail, has revealed that an increasing number of these homeowners say they face bankruptcy if they cannot sell their properties. And vendors are accepting reductions of up to 40%, with many turning to cash-buying firms.
Kate Henderson, Chief Executive of the National Housing Federation, said:
“It’s shocking that people feel forced to accept such low offers for their homes,
“People will have put all of their life’s savings into buying these properties. Yet now, through no fault of their own, they’re losing all that. This is a desperately stressful situation for them.”
One Response
And what do the buyers intend to do with them?