Mortgage prisoners could be stuck for years

An estimated 600,000 people in England living in "unsellable" high-rise flats caught up in the fallout from the Grenfell Tower disaster could be stuck for years to come. Lenders want mortgage applicants to provide independent evidence that a flat meets stringent safety requirements, and L&Q - which houses about 250,000 people in more than 95,000 homes – now says most housing associations predicted the majority of buildings would need some remedial work, and “we expect our programme to take several years to deliver." Previously, it had been suggested such "mortgage prisoners" could be stuck for six to 12 months.

The Guardian (28/12/19)