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I'd lay a fairly large amount of money on the developer having to wear the cost ultimately. Even if I am wrong, if you get 100k back off the government by writing off the equity loan, then have to pay out 20k, happy days. No use obvs if u either own with a normal mortgage arrangement or don't have any borrowing on the property. I don't think it'll come to that though I reckon the developer will be forced to sort it out.
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Yeah. This is basically a disaster and no amount of fucking over the government will make up for the immense uncertainty and the tarnishing of the property and that the leaseholders are trapped in their homes until it’s resolved.
princeperch
Howard
@Hovis
My sister owns one of the flats in that development. It's a mess. The developer is refusing to pay and are asking the residents to fork out something stupid like 20k each iirc.