Southwark Council plans to offer to buy the home of any
of its 17,000 leaseholders struggling to find the cash for repair work. The
council hopes to offer the leaseholder the opportunity to remain in the
property as a tenant of the council, if legally allowed to do so. Southwark
will fund the scheme with cash generated from right to buy sales. Cabinet
papers say the council’s five-year £326 million housing investment programme
will improve the value of homeowners’ properties but has led to repairs and
maintenance charges of more than £20,000 for some leaseholders. Read more on
Inside Housing.
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