Property Soup  – Cladding Crisis Turns Into Hidden Goldmine

As lenders retreat from flats affected by cladding concerns, a new kind of property opportunity is quietly emerging, and informed buyers with the right advisers are cashing in.

The fallout from the Tri Fire scandal has seen major banks pull mortgage offers on affected buildings, leaving many buyers locked out. But where others see risk, Orton Financial sees potential.

Luther Yeates, Head of Mortgages at Orton Financial, spoke with Property Soup about how he recently helped a Bristol couple secure a heavily discounted flat despite nine months of setbacks, including cladding certification delays and a title error that saw other buyers walk away.

While other brokers gave up, Yeates kept pushing, and that same flat is now valued at 70% more than they paid.

With another complex cladding case already in progress, Orton Financial is proving that even the most challenging transactions can deliver returns.