Shared By Glasgow Estate Agents
The government has introduced measures that will release thousands of high rise apartments whose owners have been trapped since the Grenfell tragedy.
These measures are part of a root and branch reform of building safety announced by the Ministry of Housing that otherwise would have made national headlines if the Coronavirus pandemic wasn’t in full swing.
The plans, published in response to a consultation on building safety following the Grenfell tragedy, include a wide range of measures that will bring about the ‘biggest change in building safety for a generation’.
These measure include action on mortgages for properties in high-rise residential buildings.
Prior to the Coronavirus pandemic, problems getting mortgages for apartments within high rise buildings over 18 metres high had become a huge problem for thousands of vendors, who were effectively trapped in the blocks because no one would buy their flats.
To overcome this, a property industry group has been set up to design a data-sharing portal so that lenders and leaseholders can access the information needed to proceed with sales and re-mortgaging for buildings 18 metres and over, building on the introduction of a new process to support valuation through an ‘EWS1’ form.
Mark Hayward, Chief Executive, NAEA Propertymark (left) says: “Public safety is paramount, and we’re pleased the Government is introducing changes to ensure residents are kept safe.
“The introduction of a website will allow lenders and leaseholders to access information in a timely manner, enable transactions to go through quicker, and help those who have been left unable to sell or remortgage their property to do so.
“Ultimately, these changes will help the housing market get back on its feet once we’ve moved through this period of uncertainty.”
The post 500,000 apartment block owners will be able sell their homes… soon appeared first on The Negotiator.
Looking for best estate agents in glasgow or glasgow estate agencies? Learn more now and get a valuation
Visit the Glasgow Estate Agents Experts : https://glasgow.estate-agents-near-me.com/
source: The Negotiator
while entering into a brand-new home. Cleaning every single corner on the town is another thing that need to top your current priority listing. One thing you should make confident is that this cleaning procedure must be completed ahead of your household furniture, appliances and also other household goods arrive
ReplyDeleteProperties for sale in london
This is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value of providing a quality resource for fre
ReplyDeleteGlasgow Estate Agents