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Agreement on Priory Hall expected later

A final agreement between the government and Priory Hall residents is expected to be announced later...
TodayFM
TodayFM

2:40 PM - 7 Oct 2013



Agreement on Priory Hall expec...

News

Agreement on Priory Hall expected later

TodayFM
TodayFM

2:40 PM - 7 Oct 2013



A final agreement between the government and Priory Hall residents is expected to be announced later today.

It comes at the end of a three-week period of discussions between the government, the residents and their mortgage lenders.

It's anticipated that the agreement will allow a degree of debt write-off for those who have mortgages for the complex.

However it's not yet clear what offers might be accepted for the holders of buy-to-let mortgages, or for residents who paid cash for their property.



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