Grenfell cladding hits value of London flats
A homeowner in a housing complex in London with Grenfell-type cladding has been told the value of her £475,000 home has collapsed and is now just £50,000.
Galliard Homes, the developer of the 11-block complex in New Capital Quay in south-east London, is facing a £30m-£40m bill to replace the cladding and is currently locked in a legal dispute over who should pay.
The dispute, which could take years to resolve, has left Cecile Langevin, 32, and potentially thousands of others up and down the country, with an unsellable flat.
It is like someone has taken away our life choices, our freedom, she said. And nobody is doing anything about it, she added, in tears.
She has a two-year-old son and was due to give birth to her second child on Saturday. She had put their flat ...