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It'll not be possible for almost all residents of these blocks.
Apparently the draft bill was written in consultation with freeholders. Which is interesting, as before the bill was released they were solely responsible for the costs. There was talk of many housing associations (who are also the freeholders of 000's of buildings) becoming insolvent if they had to pay for the repairs, so rightly they should be protected as they provide an invaluable service to many, often lower income tenants/leaseholders.
However, the majority of freeholders are privately owned asset classes, these freeholders have no skin-in-the-game other than employing intermediaries to 'manage' their freehold assets to x% yield.
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Sorry to hear about all this drama, looks like a real shit show. No real words of advice to add but hope it all works out somehow.
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Apparently the draft bill was written in consultation with freeholders.
Oh well that's OK then
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written in consultation with freeholders.
You've misspelled Major Tory Donors
chrisbmx116
Howard
NotThamesWater
Finding 68k within 28 days is a non-trivial task, I'm assuming that for most it would mean adding that to the mortgage, but whether that's possible is going to depend on level of equity, and whether the bank thinks the property has any value given the current situation. What a shit show.