What will leaseholders have to pay to repair Islington Gates?

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.