Removed

Birdie100

In theory it sounds a very good idea, but I’m afraid from this article from November it seems the Help to Buy Loan valuation is required to ‘forget’ the impact of cladding. Presumably finding a surveyor to conduct a valuation would be challenging given the current market. https://www.insidehousing.co.uk/news/news/help-to-buy-leaseholders-can-only-sell-homes-with-cladding-at-unaffected-market-value-68534

macman

Is it worth considering letting the property and moving: that way you avoid capitalising your loss by selling now, and at least gain some income to offset your loan?

coypondboy

Hang on if you can as lenders can chase you for up to 12 years if you are repossessed with interest and court fees on top from date of first missed mortgage payment hence why bankruptcy only option for most people due to the large sums involved.  Not sure if help to buy loan can be allowed for bankruptcy as not allowed for student loans? 

Herzlos

I wonder if there's an avenue to suing the builder for the difference in value or to force them to replace it. They fitted cladding that was likely not legal at the time so must have some liability.