Support with building safety work costs
We will continue to do all we can to access funding for essential safety work to your building. But legally we may be obliged to require leaseholders to pay towards the costs of this work which we know might be substantially more than their usual annual service charge.
So, to help support leaseholders and shared owners stay in their homes and manage their payments, we now have Financial Conduct Authority (FCA) authorisation to enable us to offer an interest free credit option arrangement to those affected. We can also offer free debt advice.*
We're still in the process of setting this service up which should be up and running in early 2021. We'll be adding further details in this section in the coming weeks.
*FCA consumer credit arrangements are regulated by the FCA and any complaints arising from these arrangements by the Financial Ombudsman Service; Network Homes Limited, reference number FRN 919890, is authorised to provide Limited Permission lending and debt counselling on a not for profit basis. Details of our FCA permissions can be found on the Financial Services Register.
Following coverage of this in Inside Housing, please click on the following link for the statement:
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