Wednesday, Nov 25, 2020

Risks of home ownership at any cost?

BBC: No guarantees for leaseholders over cladding removal costs

First you buy an apartment at highest price and then get others to pay to make it safe, is it fair?
If the price would have gone up would you share the gains?
Would the people who already sold at profit before not be asked to return the gains?

Posted by deepak @ 06:31 PM (1002 views)
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1. mombers said...

I'm far from a legal professional so this is probably a stupid question. If the value of a block of flats is 0 for mortgage valuation purposes, surely the leaseholders can club together and enfranchise at 0 cost? Then fix it themselves with the savings that inevitably come from eliminating the inflated fees that freeloaders charge?

Thursday, November 26, 2020 08:44AM Report Comment
 

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