Forced To Sell Their Homes At Any Price

 Homeowners stuck in flats they cannot sell due to a red-tape nightmare are now so desperate they are flogging their properties at enormous discounts of up to 40 per cent on their asking price. Lenders have been refusing to offer mortgages on tens of thousands of homes after new safety rules were introduced in the wake of the Grenfell Tower fire. But homeowners say they face bankruptcy if they cannot sell their properties, as many expect crippling bills for repair work and rising mortgage payments. The fiasco means growing numbers are now turning to firms that pay cash for unwanted properties at cut prices. Read more on the Thisismoney website.

https://www.thisismoney.co.uk/money/mortgageshome/article-8860203/Banks-refuse-mortgage-flats-cladding-fears.html