A freehold company has hiked the ground rents of leaseholders facing crippling bills to repair fire safety defects in their building. E&J Estates has enacted its right to a 10-year ground rent review at the Hemisphere Building in Edgbaston, Birmingham, with most rents rising from around £300 to more than £400 a year. The 344-home development is facing the prospect of a £13.8m remediation project after a fire engineer’s report identified combustible EPS insulation and build defects in the external facade. E&J said the hike was necessary because of the demands of the pension fund it invests the money in. Read more on Inside Housing.
Why do we keep building on land at risk of flooding?
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A recent study by Aviva found that one in nine new homes in England are
being built on land at risk of flooding – often entirely within planning
rules. J...
3 hours ago
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