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£100k major works bills wipe out council leaseholders. But why are 40% of Right To Buy homes now owned by investors?

By Sebastian O'Kelly on Dec 22, 2022 04:37 pm
£100k major works bills wipe out council leaseholders. But why are 40% of Right To Buy homes now owned by investors?

A spate of wipe-out major works demands from local authorities have come to prominence recently, with The Guardian reporting a £97,860 bill from Lambeth, leaseholders facing £100,000 demands at the Silchester estate from the Royal Borough of Kensington and Chelsea and The Sunday Times reporting a more modest £36,000 demand from Bromley council the week before.

Repairs bills – the next storm brewing for leaseholders

Leaseholders are being hit with huge unexpected bills for repairs to their housing blocks as critics warn that the whole system is broken and needs radical re

Is there any sort of pattern here, beyond councils continuing to be absolutely deaf to the consequences of these sorts of demands, especially during a cost of living crisis?

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