I have found the Flat Of My Dreams.It is in Cladding Remediation.Would you purchase it or not??

Mustbeananswer??

Asking for a Friend.The hysteria regarding what happened at Greenfell seems to have abated. I dont feel at risk at all as Im first floor ..well away from any danger ???Cash Purchase as not mortgageable !!

user1977

Yes, probably, but it sounds a bit late now for your diagnosis...

I would have thought most people's concern would be about the cost of sorting it (and the poor marketability until that's done) rather than what actually happens in a fire.

cymruchris

What's the position on the repair/replacement? Have they got government funding yet even if the work isn't done? If it becomes the flat owners problem, and the work is completed, and the bills shared out (To be fair they'd probably make you pay before the work was carried out) - do you have any idea what you'd have to pay? Doesn't matter if you're on the 1st floor or the 32nd floor - the cost will be shared amongst you all. (The likelihood is that it wouldn't be just an extra £50 on your service charge!)

Mustbeananswer??

I'm 65user1977 said:

Yes, probably, but it sounds a bit late now for your diagnosis...

I would have thought most people's concern would be about the cost of sorting it (and the poor marketability until that's done) rather than what actually happens in a fire.

I'm 65 .....its going to be my last home....no too bothered about marketability.How can it be the flat owners responsibility??

Mustbeananswer??

Flat owners will not have to pay to remove dangerous cladding from lower-height buildings under new government plans, BBC Newsnight understands.

It means leaseholders in buildings of between 11 and 18.5m will no longer be expected to take out personal loans to cover the cost of the work.

eddddy

Mustbeananswer?? said:

Cash Purchase at a ridiculous low price.The hysteria regarding what happened at Greenfell seems to have abated. I dont feel at risk at all as Im first floor ..well away from any danger ???Cash Purchase as not mortgageable !!

As above, the main issue might be who has to pay for removal and/or replacement of the cladding.

Hopefully, if you, the building, and the lease all qualify for the government scheme, you won't have to pay anything. So you'll have got a bargain.

If the flat is your primary residence, and/or you own 3 or fewer properties - that would be a good start.

 

GDB2222

Mustbeananswer?? said:o

I'm 65user1977 said:

Yes, probably, but it sounds a bit late now for your diagnosis...

I would have thought most people's concern would be about the cost of sorting it (and the poor marketability until that's done) rather than what actually happens in a fire.

I'm 65 .....its going to be my last home....no too bothered about marketability.How can it be the flat owners responsibility??

The normal position is that repairs are the responsibility of the flat owners. There are some exceptions for cladding. 

Mustbeananswer??

eddddy said:

Mustbeananswer?? said:

Cash Purchase at a ridiculous low price.The hysteria regarding what happened at Greenfell seems to have abated. I dont feel at risk at all as Im first floor ..well away from any danger ???Cash Purchase as not mortgageable !!

As above, the main issue might be who has to pay for removal and/or replacement of the cladding.

Hopefully, if you, the building, and the lease all qualify for the government scheme, you won't have to pay anything. So you'll have got a bargain.

If the flat is your primary residence, and/or you own 3 or fewer properties - that would be a good start.

 

Thanks...that is exactly the position I am in 

Section62

Mustbeananswer?? said:

Flat owners will not have to pay to remove dangerous cladding from lower-height buildings under new government plans, BBC Newsnight understands.

It means leaseholders in buildings of between 11 and 18.5m will no longer be expected to take out personal loans to cover the cost of the work.

In case -

Mustbeananswer?? said:

I dont feel at risk at all as Im first floor...

- means you think being on the first floor exempts you from paying because you are on one of the lower floors then that isn't how it works.

What matters is the total height of the building (regulations and source of funding), and then what your lease says about paying shares of the cost of any work. (making up any shortfall).

ThisIsWeird

How many floors in your building, MBAA?

Mustbeananswer??

ThisIsWeird said:

How many floors in your building, MBAA?

Seven.....Im on the 1st Floor