Help-to-buy agency writes down loan on flat over Grenfell-style cladding

Woman whose London flat has slumped in value is told she can pay back £10,000 of £95,000 loanThe government has agreed to virtually wipe out a help-to-buy loan on an apartment in a London block with cladding similar to that used at Grenfell Tower, it has emerged.
It will make the write-down on the grounds that the value of the flat in Greenwich has been reduced from £500,000 to £50,000 because the developer has no plans to remove the cladding.Continue reading...