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The full cost of repairs to correct defects at Swansea apartment blocks surrounding Wales' tallest residential building has been revealed.

Leaseholders will have to foot a share of the £5,130,057 bill for urgent fire proofing to the Meridian Bay and Wharf blocks in the city, according to a letter sent to residents by a management company.

But another huge bill is expected next year, as residents learn the amount they will have to pay to rectify defects at Meridian Tower, Wales's tallest residential building.

It comes after Wales Online revealed how residents in the three blocks had been told they must pay thousands of pounds by the end of this month after multiple safety defects were discovered.

More than 200 leaseholders in Meridian Tower, Meridian Bay and Meridian Wharf have been sent demands by management company CRM Residential after fire proofing defects were discovered.

(Image: www.adrianwhitephotography.co.uk)

The demands followed an improvement notice issued by Swansea Council, which was said by CRM to be legally binding, and which demanded the remedial works be completed.

All work must start by October, with residents asked by the management firm to pay their share by the end of September.

The demand comes after building firm Carillion, which was behind the huge building project, went into liquidation with liabilities of more than £7bn.

The CRM management group is now seeking to claim at least part of the cost of the repairs from the leaseholders, claiming the cost is a service charge item.

In a letter sent to leaseholders, the group gave a new cost for repairs, which worked out as follows:

One bedroom flat: £11,548

Two bedroom flat: £20,130

Three bedroom flat: £36,982.

The letter said it expected insurers to contribute to the costs, with leaseholders each paying an excess of £2,614, regardless of the number of bedrooms.

However, as the letter states, the costs have not yet been agreed by the insurer, and could be subject to deductions before a final figure is given.

That, unfortunately, is not the end for leaseholders' money woes.

(Image: www.adrianwhitephotography.co.uk)

The cost of works to the Meridian Tower will be included in next year's budget, but it is not yet known how much that will work out at for the 123-flat block.

The management firm warned that, as with any insurance claim, it needed to have a settlement offer from its insurer before deciding on next steps.

If the offer on the Bay and Wharf blocks was not acceptable, the next steps might be to take the matter to the financial ombudsman.

However, as the insurance matter is decided, residents of the blocks face a ticking clock to meet the payment deadline.

One of those affected, who wants to remain anonymous, said the deadline of September 30 was fast approaching.

(Image: www.adrianwhitephotography.co.uk)

He added: "There will be loads that can't pay, and I won't be paying anything until insurance pays out.

"They said they will take out legal action against those who don't pay. I think this will escalate as loads of people won't pay it. I think it's a disgrace that they are putting all this on the residents."

WalesOnline has contacted management company CRM for comment, and is awaiting a response.