As stated, we hope to claim compensation. Unfortunately this will take time (and is not guaranteed). The law requires leaseholders to pay. Our Building Consultants estimate potential costs of £8.2m. These have yet to be confirmed, but this would mean an average bill per apartment of £30-£100,000. We advise leaseholders to consider loan finance applications and/or to talk to their mortgage companies. The Board will discuss with our Managing Agent how this process will be handled to minimise hardship, but, inescapably payment is necessary to fund a start on removing cladding, cutting our insurance and fire safety bills and restoring equity in our apartments.