Leaseholders share fury at £450k cost of new intercom system

Leaseholders at a block of flats in East London have been told they will pay at least £450,000 for a new intercom system - and the cost doesn't even include any new cables. Leaseholders at a block of flats in East London, including Liam Spender, pictured, have been told they will have to pay at least £450,000 for a new intercom system Leaseholder Liam Spender, who owns one of the flats in the development, estimated his share of the works to be £1,138.50. The replacement system is believed to cost about £46 per flat per year, and so residents will eventually save money with the new system. The £450,000 cost of the new intercom system does not include new cables, but does cover the replacement of existing 'plates' However, the equivalent of 18 months of those savings are required to pay off FirstPort's fee and Countryside's exit charge.