Housing associations are in a position to solve the problem of struggling leaseholders unable to sell, says Maureen Corcoran
Public concern is growing over the plight of hundreds of thousands of leaseholders who bought their flats in good faith, often through shared ownership. The issue is no longer confined to the housing press – it is being covered by most national newspapers, with campaigns in the The Sunday Times, Daily Mail and The Mirror.
We know that many leaseholders are facing huge financial problems as their flats are unsaleable through a toxic combination of slashed valuations, difficulties with EWS1 surveys and huge service charges turbo-charged by cladding issues. Quite rightly, these leaseholders have been campaigning to get those responsible for the cladding and fire safety crisis to pay to remedy these defects.
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