Leaseholders face £2m bill to replace unsafe cladding

Roland Hoskins / Associated Newspapers/REX/Shutterstock

Leaseholders at a private apartment block with Grenfell-style cladding face a bill of up to £2m to make their building safe after a tribunal ruled that they were responsible for the costs.

The ruling, which leaves the freeholder with no liability, means that flat owners at Citiscape, a 95-apartment building in Croydon, south London, may have to find more than £20,000 each for repairs. Some said the bill would ruin them.

The freehold is owned by the family trust of the controversial property tycoon Vincent Tchenguiz in the British Virgin Islands, and the case was brought by the fund’s management agent, Firstport Property Services, which runs the building.

Click here for the full Times article (£)