Leaseholders Feel ‘More Trapped’ In Blocks With Cladding Because Of Help To Buy Loans

Some leaseholders who have attempted to move have been blocked by Homes England, the administrators of the Help to Buy programme, because of restrictions around sales of apartments in blocks with dangerous cladding. The government’s housing delivery agency is now preventing the redemption of loans on these homes, too. Homes England currently has a condition in place in which those who have bought their homes with support of a Help to Buy loan are only allowed to sell their home at an ‘unaffected market value’. This means that homes cannot be sold at a price that takes into account the dangerous materials on the building. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/leaseholders-feel-more-trapped-in-blocks-with-cladding-because-of-help-to-buy-loans-69463?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60