Repayment offer to leaseholders hit by repairs

Council move said to be better than that offered by other local authorities, reports Simon Allin, Local Democracy Reporter

Noel Park Estate (Google Maps)
Noel Park Estate, where residents are facing bills for removing asbestos (credit Google)

Haringey leaseholders facing bills for major repair works on their homes will be given better repayment options.

Cabinet members at Haringey Council agreed during a meeting on Tuesday, 13th July to change the payment options for leaseholders to ensure they are among the best available across all council housing providers.

The changes include longer repayment periods and an offer of equity share loans for bills totalling more than £40,000. 

A cabinet report reveals some leaseholders will face “significant” invoices as a result of an “ambitious major works programme to improve council-owned housing stock”.

Last year, leaseholders living on Noel Park Estate in Wood Green complained when they were hit with large major works bills – some running to more than £100,000 – that they said they would struggle to repay.

John Bevan, cabinet member for planning, licensing and housing services, told the meeting some leaseholders would face “very large” bills.

He added: “We have looked at the options the leaseholders have for paying these bills, we have compared ourselves with other councils, and we have changed and made our options much more flexible. 

“When you look at the options that we provide, you will see that these are some of the best options that are available from all other councils who deal with the same issues.”

More than 60% of leaseholders who responded to a consultation held during May and June were in favour of each of the proposed changes to the payment options, according to the cabinet report.

Under the changes, resident leaseholders facing bills of £30,000 to £39,999 will have their maximum repayment period upped from ten to 15 years. This will be 20 years for those with bills of between £40,000 and £59,999, and 25 years for invoices of more than £60,000.

Non-resident leaseholders will also benefit from some extensions to repayment periods.

Council leader Peray Ahmet revealed an update on the major works programme at Noel Park Estate is due to be considered by cabinet on Thursday, 22nd July.