Owning your own home

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Hovis in reply to @princeperch

I'd lay a fairly large amount of money on the developer having to wear the cost ultimately

We certainly hope so. Makes no sense otherwise, but the developer is obv trying its hardest to not bear the cost, and will drag it out as much as they can as a result.

princeperch
Ps it should probably go without saying but if your sister does have an equity loan on her property she may wish to think about starting the process of getting it valued, and then apply to settle the equity loan element of the borrowing , before the situation is resolved and she can't tuck the government up(which must be a nice feeling)..

Not sure I understand, can you elaborate?

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Howard in reply to @Hovis

We certainly hope so. Makes no sense otherwise, but the developer is obv trying its hardest to not bear the cost, and will drag it out as much as they can as a result.

Well, ah. If it passed building control and the building regs and the NHBC thought it was OK...you might be in for a long wait.

Or not. Who knows.

Legally, the leaseholders should cough up for it and they probably should then go after the developer in court, after acquiring the freehold.

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