Inspections in the wake of the Grenfell Tower fire revealed chronic failures in building safety across the UK. The failures of the deficient regulatory scheme have ultimately trapped the residents in thousands of apartment blocks, which have, until recent weeks, been effectively un-mortgageable.

However, in a statement last month, six of Britain’s largest lenders – Barclays, HSBC, Lloyds, NatWest, Nationwide and Santander – announced they will consider mortgage applications on apartments in blocks 11 metres and higher in England, following new guidance issued by the Royal Institution of Chartered Surveyors (RICS).