Housing crisis set to deepen as owners face 10-year wait to sell new flats

BRITAIN’S housing crisis is set to deepen following tighter safety controls imposed after Grenfell.

The tower block blaze, which killed 72 in 2017, is thought to have laid bare decades of dodgy, cash-saving building practices.


New flats must now pass tests on cladding, insulation and balconies.

Owners face ten-year waits for sign off.

Without it they cannot sell and banks will not lend.

So far, nine in ten blocks have failed the checks and typical cladding bills are £30,000 a flat, rising to £115,000.

MP Clive Betts said: “Owners are trapped with nowhere to go.

"If the property chain is broken, the whole housing market could be affected.”

The housing ministry said "ministers and officials are in regular contact with leaseholders" and are meeting the groups this week.

The government has put up £1billion to help re-cladding after Grenfell in North Kensington, West London.

The overall estimated cost is £5.9billion.

GOT a story? RING The Sun on 0207 782 4104 or WHATSAPP on 07423720250 or EMAIL [email protected]

Source: Read Full Article