Post by account_disabled on Mar 13, 2024 0:20:05 GMT -5
A poorly made floor can become worthless. If not, tell that to the buyers of the luxury flats sold for up to 900,000 pounds (1 million euros at the current exchange rate) built in Camden, north of London , who have received a bucket of cold water upon learning that Their properties have been classified as “worthless” and could be demolished for being poorly built and having a large number of defects.
Flats sold for between £700,000 and £900,000 are Phone Lead now valued at £0, as the owners have explained. A few months after the first tenant moved in, four years ago, the roof began to leak into the communal stairwell and the terraces began to let in water, causing flood damage to the apartments.
Since then, the interior and exterior walls of the apartments have begun to crack, while some windows and doors no longer open or close properly .
Despite years of reports about the building cracked, bent and leaking, the insurance company that provided the 10-year warranty has not paid out. Now a government minister has asked Camden Council to consider whether it can prosecute the construction company for "recklessly" signing off on a block of flats that was deemed "not fit for purpose".
A surveyor (a professional who studies, designs, directs and implements parcel information systems) has considered that the building is potentially unstable and demolition should be considered.
The tenants said they have shelled out more than £300,000 in legal fees for their damaged homes and live in “constant fear” of bankruptcy as the price they paid for the homes was too high.
Camden Council said it is urgently exploring enforcement options after the government asked it to consider legal action.
Flats sold for between £700,000 and £900,000 are Phone Lead now valued at £0, as the owners have explained. A few months after the first tenant moved in, four years ago, the roof began to leak into the communal stairwell and the terraces began to let in water, causing flood damage to the apartments.
Since then, the interior and exterior walls of the apartments have begun to crack, while some windows and doors no longer open or close properly .
Despite years of reports about the building cracked, bent and leaking, the insurance company that provided the 10-year warranty has not paid out. Now a government minister has asked Camden Council to consider whether it can prosecute the construction company for "recklessly" signing off on a block of flats that was deemed "not fit for purpose".
A surveyor (a professional who studies, designs, directs and implements parcel information systems) has considered that the building is potentially unstable and demolition should be considered.
The tenants said they have shelled out more than £300,000 in legal fees for their damaged homes and live in “constant fear” of bankruptcy as the price they paid for the homes was too high.
Camden Council said it is urgently exploring enforcement options after the government asked it to consider legal action.