life savings. Now, the sight of it makes her stomach churn. When they bought two flats in the block in 2015, the couple, both 58, intended to use them as security for their retirement.
The plan was to rent the flats out, using the income to cover the mortgage and service charge, with the hope that one day they would increase in value.
Back then, the flats were valued at £180,000 each. Today, they are completely unmortgageable, says Suzy. The Spillings are also expecting a bill to land on their doormat any day, setting out how much they owe for remediation work on those two apartments.
It could total as much as £100,000. The 21-storey building, constructed in 2007, requires work to make it compliant with fire-safety regulations.
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