Leaseholders offered improved financial repayments on major works

Leaseholders across the borough will be offered improved financial repayment terms on major works in a bid to provide greater support following the financial impact of COVID-19. 

Haringey Council and Homes for Haringey are undertaking an ambitious major works programme to improve council-owned homes and to deliver significant improvements to thousands of residents. 

Under the terms of their lease, leaseholders are required to pay towards the costs of major works to the common parts of their building. 

With proposals on the programme underway, the council consulted with leaseholders to ensure any concerns were considered, and have now approved the implementation of enhanced payment options.

The new enhanced payment terms, which reflect some of the best options offered by other London Councils, gives leaseholders greater flexibility to choose an option that meets their financial circumstances. 

Cllr John Bevan, Cabinet Member for Planning, Licensing and Housing Services, said: 

Our major works programme is set to bring significant improvements to many of our residents, and it’s important that we support the leaseholders involved.

Our new enhanced repayment options will provide reassurance to our leaseholders and more flexibility to ensure major works repayments are manageable and suit each individual financial circumstance.

For more information, and to see what the new repayment options are, see the relevant Council Cabinet paper for this decision (PDF, 399KB).