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Shortage of workers and rising costs hitting construction growth, report warns
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Shortage of workers and rising costs hitting construction growth, report warns
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Shortage of workers and rising costs hitting construction growth, report warns
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When Kirsti Overton and her partner Chris Penfold bought their £150,000 three-bedroom flat, they were over the moon finally to own a home together. But five years on, they have been forced to sell up because their service charges have nearly tripled.
A Money Mail investigation today reveals how some firms appointed to manage properties are cashing in while leaseholders are seeing bills soar to unaffordable levels.
There are also fears that residents are being hit with rising charges by mistake. Some firms have been forced to refund residents tens of thousands of pounds after charges were found to be unjustified or made in error.
Government s cladding crisis solution slammed as Groundhog Day by Labour
Shadow housing secretary Lucy Powell said Tory plans aren t worth the paper they are written on
Labour has slammed the Government’s landmark cladding announcement as “Groundhog Day” for trapped leaseholders.
In a letter seen exclusively by The Telegraph, Labour panned housing secretary Robert Jenrick’s bid to free residents trapped by the cladding crisis.
Shadow housing secretary Lucy Powell said: “Government announcements aren’t worth the paper they are written on for leaseholders trapped in unmortgageable, unsellable homes.”
Two weeks ago, in a bid to free up the market, the Government U-turned on its cladding guidance. It announced, in collaboration with several major lenders, that buildings under 18m were safe and should no longer require an external wall safety (EWS1) form to be mortgageable.