Why doesn't the government take responsibility for it. They set the rules and regulations and are supposed to enforce. Ultimately it's the government's fault.
Those who wrote the rules are to blame…to be fair to the developers they followed the rules…good installation is obviously another thing but if the material had the right certification at the time then it comes back to the rules again..
So here is the legal question. Person in one of these houses stops paying mortgage. Bank takes the apartment back. What can bank do with this apartment? It clearly cannot sell it until it gets EWS form.
This video focuses far too much on the people involved and doesn't seem to explain the technical problem at all. It also doesn't describe the building regulations before and after the fire. These seem like the most important details.
most of the people who bought into these types of building are buy to let landlords. These building were designed and budgeted to attract them. The landlords and the banks should pay for the remedial work, the banks have profited massively from Buy to Let mortgages and increases in value. I don't understand why tax payers are being used to bailout BTL Landlords who put only 10% down, borrowed on an interest only mortgage and made a yield of 5-7%? Why arent the banks and them paying for this?
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Why doesn't the government take responsibility for it. They set the rules and regulations and are supposed to enforce. Ultimately it's the government's fault.
Guaranteed MP's have a finger in the pies of these buildings and developments
Those who wrote the rules are to blame…to be fair to the developers they followed the rules…good installation is obviously another thing but if the material had the right certification at the time then it comes back to the rules again..
Thing is ... if they sell... they leave someone else trapped. Is that ok is it? Don't they care about who they leave trapped?
Welcome to broken britain 2021
So here is the legal question. Person in one of these houses stops paying mortgage. Bank takes the apartment back. What can bank do with this apartment? It clearly cannot sell it until it gets EWS form.
If the developers cut corners and didn’t do things properly why aren’t they legally required to fix it?
This video focuses far too much on the people involved and doesn't seem to explain the technical problem at all. It also doesn't describe the building regulations before and after the fire. These seem like the most important details.
yes a good building engineer / fire safety analysis would be very helpful
Governments dont care.
most of the people who bought into these types of building are buy to let landlords. These building were designed and budgeted to attract them. The landlords and the banks should pay for the remedial work, the banks have profited massively from Buy to Let mortgages and increases in value.
I don't understand why tax payers are being used to bailout BTL Landlords who put only 10% down, borrowed on an interest only mortgage and made a yield of 5-7%? Why arent the banks and them paying for this?
Here bc even edinger this is a shame on the uk
Failed state...