Funding options for major repair work to building with leaseholder flats
A common part of the building in which I own a flat (as leaseholder) needs some MAJOR repairs. The cost to EACH leaseholder is expected to be in excess of £10K. Are there any options (grants, council loans, low interest loans, etc.) that the leaseholders or the building's management company can avail of (on behalf of the leaseholders) so that work can be completed asap but payments from leaseholder can be spread over a longer period.
Thank you in advance.
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