The cover victim said she could go bankrupt in the next 18 months, even if the government pays her repair fees.
Charlotte Mixan, 33, said her home in East London was “dried up” due to the rising cost of temporary fire safety measures taken while homeowners were waiting for repairs to begin.
These interim measures have so far raised £ 500,000 for residents to wake up at the Bow construction, he said.
They are charged on a standard service fee and he is also concerned that there may be a large charge for other fire defects that are not covered and not covered by the government.
Charlotte Mixan, 33 (pictured), said her homeowners in East London were “dried up” by the rising cost of temporary fire safety measures.
Although Ms. Michan applauded the housing secretary’s announcement this week, she and many others like her, including her husband, who bought the apartment, warned that she would go bankrupt in the coming months.
Michael Gove, secretary of state for flattening, housing and communities, said tenants were “trapped” and it was time to protect them and make “industrial payments.”
He announced that tenants living in blocks below 18m, including Ms. Mihan’s block of 15m in height, would not have to pay for repairs to the pavement. The Fire Safety Fund was only accessible to residents of buildings taller than 18 meters.
He said: “We will cancel offers on loans and long-term loans for tenants in mid-rise buildings and guarantee that no tenant living in their apartment will pay a single penny to repair the hazardous cover.”
This is good news for affected tenants who often face financially insolvent payments for repairs that cost hundreds of thousands of pounds.
However, the current reality for many of these apartment owners is that they still face large fees to cover temporary fire measures such as wake-up hours.
Ms. Gove’s announcement this week was welcomed by Ms. Mihan and her husband, but she said service fees were already starting to hurt her.
Their service fees cover the cost of an awakening hour, which he said has seen production of 96 units in East London drop by almost £ 500,000 in the last 18 months.
The couple bought a one-bedroom apartment in 2016 for £ 362,000 and saw its price drop to thousands of pounds, even before the cost of the renovations.
Other developments affected by the coverage crisis are also raising their insurance costs.
The alarm clock bill, which stands at £ 293,500 per year, including VAT for building occupants, has resulted in a payout of around £ 490,000 in the last 20 months.
Speaking to MailOnline Property only, Ms. Mihan said: “I’m cautiously optimistic about Gove’s announcement because it will at least lead us into a conversation. I still don’t know if it’s going far enough to force developers to pay.”
“We expect full recovery costs, as well as historical, current and future costs for security measures, to be fixed.
“Our argument has always been that we are a building connected by a block of more than 18 meters.
“Repairing a part of the building above 18 meters and leaving the rest less than 18 meters means that the spread of fire is still important.”
But he added: “The Gov.’s announcement lacks some key elements, including other flaws in fire safety other than cladding. Two-thirds of our calculations go to repairing cladding fire defects. The tenants are still worried that they may have to pay for them. ‘
“Another thing is that we are bleeding. I haven’t seen cleaners in our public areas in months. You can imagine what it looks like. It’s ten years old anyway and covered in graffiti. She is in a very bad condition.
“People like us have no money left for simple repairs, because what happens when we wake up to everything?
Concerns about cladding have become a national issue since the Grenfell Tower fire in 2017
He said the development’s £ 500,000 awakening clock bill had “cut back” on its reserve funds.
He went on to explain: “These temporary costs are extortion and bankrupting people. Gove isn’t looking at them and that’s my big concern.
“Last year, our service fees doubled, but our salaries didn’t increase, so we can’t afford to pay them. We have nothing left.
These temporary costs are extortion and bankrupting people. Gove isn’t looking at them and that’s my big concern
“We have not only raised service fees to cover the cost of additional fire safety measures, but we are also waiting to see if they will be fixed, service fees are also rising because the reserve funds have been used. and nothing. pay for simple daily repairs.
“The government needs to consider all aspects that have affected tenants as a result of the fire safety crisis.
“We have some savings, but it’s a little bit of money to help us build a boiler or start a family.
“If we suddenly get a £ 10,000 service fee, we can’t pay and I don’t know how they expect us to make that much money.”
The cost of its repairs will be paid for any current service charges. Any fire safety measures other than cladding systems, such as flammable insulation or missing gap barriers, are unlikely to be covered in Gove’s latest funding announcement.
The alarm clock in its development has so far dropped to £ 244,608 a year and VAT, for a total of £ 293,500, and has been available for 20 months.
Ms. Mihan said, “People are already out of pocket and even going bankrupt due to temporary measures.
Temporary security measures will not only cover the cost of repairs, but also bankrupt people. You need to feel safe at home, but we can’t relieve ourselves of this financial burden. We were forced to be here through no fault of our own, and that is torture.