Mounting confusion about cladding has forced many to rent – or live in unsaleable homesIt was in April 2018 that Danyal Aziz reserved a shared-ownership flat at the Paragon in Ilford, east London. The development, built with government funding to provide affordable housing, was supposed to be completed that November and Aziz was told he must obtain a mortgage offer within 28 days of the reservation or risk losing the property.A year on, he had no moving-in date. Three successive mortgage offers had elapsed and when, in August 2019, he applied for a fourth, he entered an unnerving limbo. His lender would not value the flat until it received official assurances about the safety of the cladding which developer, Nu Living, seemed unable to provide. Continue reading…
Source : theguardian.com
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