Property News · July 31, 2017

Owners of ex-local authority homes face horror of bills running into thousands


Leaseholders find themselves caught up in council drives to improve the condition of their housing stock, often at great costWhen Cat Whitehouse and her partner James Wooldridge bought their ex-local authority flat on the Roupell Park estate in Lambeth four years ago, they were told there were no major works planned on the block. Then lumps of concrete started to fall off it, prompting health and safety fears.Lambeth council initially told leaseholders that repairs to the estate would cost £7m, and that the Whitehouse’s share would be £6,000. This soon more than doubled to £13,000 – a fee they scraped together by adding to their mortgage and plundering their savings. Now they have been billed another £5,000 – on top of the £170 service charge they pay every month. Continue reading…

Source : theguardian.com
Read more…Owners of ex-local authority homes face horror of bills running into thousands

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