Women in Residential Property to host a panel discussion on cladding
As the government’s controversial attempts to resolve the issues, relating to cladding, continue to cause uncertainty for both residents and residential property professionals, the Women in Residential Property (WIRP) Network has announced that it will be hosting a panel discussion on cladding, on Zoom, on the 13 th May […]Click here to view original web…
Government hasn’t spent half of promised cladding cash
The government has not allocated more than half of the cash it promised to help residents of tower blocks remove dangerous cladding from their buildings. In the period up to 31 March this year, some £1.6bn was supposed to have been spent on the “remediation” of unsafe cladding on […] Click here to view original…
Cladding tax could cost housebuilders £25m a year
The latest research by London lettings and estate agent, Benham and Reeves , has found that the UK’s 10 biggest developers could each face a potential average tax bill of £25 million per year, if the government succeeds in its attempts to introduce a new residential property developer tax. […] Click here to view original…
MP’s fury at four-year delay removing Grenfell-type cladding from block
The government has joined an MP in telling a developer that “owners should make buildings safe” amid criticism that it waited four years after the Grenfell disaster to remove dangerous cladding from east London’s New Providence Wharf tower block. Poplar and Limehouse MP Apsana Begum wrote to Housing Secretary […] Click here to view original…
Developers Could Face Tax on Profits as High as £50m if Government Succeeds with New Cladding Tax
The latest research by London lettings and estate agent, Benham and Reeves, has found that the UK’s 10 biggest developers could each face a potential average tax bill of £25 million per year, if the government succeeds in its attempts to introduce a new residential property developer tax. In […] Click here to view original…
Association’s shared ownership sales hit by cladding crisis
PA Housing has said that the difficulties of obtaining certification of new homes under the EWS1 form had contributed to a huge shortfall in sales in the last year. Publishing a trading update and unaudited accounts for the year to March 2021, the 23,000-home association – which is currently […] Click here to view original…
As Flammable-Cladding Crisis Crushes Prices at Low End of UK Housing Market, Bank of England Frets about Contagion, Banks
The BoE is assessing if contagion from this scandal could spread to the broader housing market and cause a new financial crisis. The Bank of England is now fretting about the impact the UK’s flammable-cladding crisis could have on broader home prices in the UK and what that means […] Click here to view original…
Cladding costs for leaseholders could run to £11.43bn
An estimated £11.43bn in costs could be incurred addressing the issues around properties affected by the cladding scandal, according to StripeHomes. Last week, Parliament voted against protecting leaseholders from post-Grenfell fire safety costs, a move that could cost individuals as much as £75,000 each – though it is thought […] Click here to view original…
Cladding protest after fire at New Providence Wharf in east London
Harry Scoffin Residents living in flats with ACM cladding gathered in Isle of Dogs , east London , on Saturday to urge the government to protect leaseholders from post- Grenfell remediation bills. Protesters held placards while chanting “enough is enough”. Police were also seen at the protest. The demonstration […] Click here to view original…
St Kilda apartment building evacuated over combustible cladding fears
A bayside apartment building in Melbourne has been evacuated over safety fears due to combustible cladding. The Port Phillip Council municipal building surveyor has ordered residents of a St Kilda apartment building with combustible cladding concerns and other fire safety matters to leave within two weeks, Mayor Louise Crawford […] Click here to view original…
Sorry… you’re trapped in the wrong type of fire-risk flat: Leaseholders are told defects are not covered by £5billion fund in latest blow to families caught up in cladding scandal
Homeowners facing bills of up to £100,000 each to fix fire-trap flats have been denied Government funding – because they have the wrong type of defects. Two blocks, where more than 200 people live, are so dangerous a 24-hour fire patrol keeps residents safe. They have defective cavity barriers, […] Click here to view original…
Hundreds of thousands of people live in dangerous, worthless and unmortgageable flats due to the cladding scandal as the government abandons homeowners and chooses to protect developers
Campaigners including Manchester mayor Andy Burnham continue to fight for justice for cladding and building safety scandal victims. Five years ago my wife and I made a big mistake. Using a pension payment and a legacy from my parents, we bought a flat for our daughter, who was finishing […] Click here to view original…