Thousands of people are stuck in flats they cannot sell
or remortgage despite government efforts to persuade banks to drop fire-safety
cladding checks on low-rise buildings. The government announced in July that
external wall surveys, or EWS1 certificates, which have become commonplace
since the Grenfell disaster, would no longer be required on buildings not
higher than 18 metres. But banks and building societies are still insisting on
checks which, due to a shortage of qualified and insured fire engineers, can
take months or even years to carry out. Read more on the Observer website.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
1 day ago
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