Govt makes haphazard attempt to alleviate some of the blockages in flat sales mess caused by EWS1

NameUnavailable

Crashy_Time said:

NameUnavailable said:

coypondboy said:

forgot to say all happy with bankruptcy option so they can screw the freeholder which is an offshore company as bills of 80k for 2 bed and 8000 pa service charge (was 2000) a joke with no help from government as rejected by building safety fund.

How will they 'screw' the freeholder if they lose their homes, assuming the flats are worth more than 80K?

The freeholder won`t get paid?

They won't get paid by the leaseholder, but they will get their flat back to sell to someone else! If the flat is worth more than 80k then they can pay for that share of the works and the rest is pure profit! Hardly being screwed over.

Crashy_Time

NameUnavailable said:

Crashy_Time said:

NameUnavailable said:

coypondboy said:

forgot to say all happy with bankruptcy option so they can screw the freeholder which is an offshore company as bills of 80k for 2 bed and 8000 pa service charge (was 2000) a joke with no help from government as rejected by building safety fund.

How will they 'screw' the freeholder if they lose their homes, assuming the flats are worth more than 80K?

The freeholder won`t get paid?

They won't get paid by the leaseholder, but they will get their flat back to sell to someone else! If the flat is worth more than 80k then they can pay for that share of the works and the rest is pure profit! Hardly being screwed over.

Really?.......who will be buying...?

"as bills of 80k for 2 bed and 8000 pa service charge (was 2000) a joke with no help from government as rejected by building safety fund."

Crashy_Time

renifer7 said:

Crashy_Time said:

https://www.insidehousing.co.uk/news/news/leaseholders-feel-more-trapped-in-blocks-with-cladding-because-of-help-to-buy-loans-69463

Total mess from start to finish.

Yes, it's terrifying.  

HTB will be a disaster for so many people.

csgohan4

Will it not be unsustainable for the Gov to foot the tab when the developers are the ones who  built these homes. I acknowledge that the testing procedures at the time were inadequate, which has nothing to do with the gov per say. Bare in mind a buried report showing unsafe cladding was when Labour were in power.

Effectively do you think it's right for the tax payers to foot the bill at this time? 

Norman_Castle

csgohan4 said:

Effectively do you think it's right for the tax payers to foot the bill at this time? 

Was the cladding fitted on government, council, building regulations advice? Was it a requirement to meet state imposed insulation standards?

csgohan4

Norman_Castle said:

csgohan4 said:

Effectively do you think it's right for the tax payers to foot the bill at this time? 

Was the cladding fitted on government, council, building regulations advice? Was it a requirement to meet state imposed insulation standards?

So would you be happy to have a substantial rise in tax to pay for this? I would not be, and I do not and never will buy a flat even before the cladding scandal. 

Labour are the Anti Government and what Gov says, they will oppose for the sake of being opposition, but with all the rhetoric, would they want their working class voters to foot the bill when it comes to it? Nothing is mentioned, perhaps they think a magic money tree will appear.

Either way the Gov is in  a hard place and a rock and indeed the taxpayers

Crashy_Time

No way they can put over a tax payer bailout in the wake of Covid IMO, people should have just stayed away from this overpriced rubbish in the first place.