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Gagging order and a 30 year mortgage to enable people to move as 4.3 million people stuck


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Some great articles in the Tory papers Daily Mail, Telegraph and Times on the current crisis in the flat property market but no signs of a crash yet.  Any thoughts or how the above will work and the effect on flat prices going forwrad as looking to buy a nice 2 bed with balcony and views of the Sea in Bourenmouth. 

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34 minutes ago, coypondboy said:

Some great articles in the Tory papers Daily Mail, Telegraph and Times on the current crisis in the flat property market but no signs of a crash yet.  Any thoughts or how the above will work and the effect on flat prices going forwrad as looking to buy a nice 2 bed with balcony and views of the Sea in Bourenmouth. 

How do you tell if a property or block is affected?. Is there a blacklist anywhere?

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buildingsafetyportal.co.uk has been set up but very new and few blocks on there as the freeholders don't want to be on it if there are issues and use the excuse of data protection according to a well sourced Fire safety engineer who has done many EWS1 forms but not put any on as he has to get permission from the freeholder which makes a mockery of the whole thing.

At the moment would not touch it but wait a few years as more surveys are done and the local estate agents will start to have knowledge of blocks with issues when they ask for the current service charges which will see a massive increase if any issues found.

 

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On 1/12/2021 at 12:32 AM, coypondboy said:

Some great articles in the Tory papers Daily Mail, Telegraph and Times on the current crisis in the flat property market but no signs of a crash yet.  Any thoughts or how the above will work and the effect on flat prices going forwrad as looking to buy a nice 2 bed with balcony and views of the Sea in Bourenmouth. 

I have always wanted to live in a flat I guess that is something that is not going to happen anymore 

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