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I suspect that if the letter to the lender doesn't work then nothing else will work that isn't a 100% cash buyer. And the likelihood of that happening is basically zero.
It's this letter, or joining the hundreds/thousands of others in their mortgage prisons.
Oh well.
deleted-
I think 600,000 potential leaseholders in morgate prision was the figure I read quoted due to the new requirements, seems mental
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They’ll have to fix it though or the entire market for flats will die, and that’s the bottom of the housing market wiped out.
Also means any new build flats won’t be mortgageable either.
So plenty of people with an interest in getting it fixed.
greentricky
Howard
Best of luck to all with flats with cladding. I'm currently trying to remortgage my flat that has timber clad exterior walls and it's proving.......... Challenging.