Policyholders see premiums jump nearly 800%

Owners of apartments with flammable cladding are facing an astronomical rise in insurance premiums in the aftermath of the Grenfell Tower tragedy, with some seeing prices jump nearly 800%. The situation comes as many providers are hesitant to provide cover on their own, opting instead to share risks with […] Click here to view original…

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Cladding fears following Grenfell

A Leeds flat owner campaigning to remove Grenfell Tower-type cladding believes the government is “pretending to listen” to millions of people trapped in accommodation that is a fire risk. In 2017 account manager Abigail Tubis and her husband spent £164,000 on their two-bedroomed city centre property, believing it would […] Click here to view original…

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Boris Johnson hints at help for leaseholders in buildings under 18m hit by cladding issues

The Royal Institution of Chartered Surveyors (RICS) is drawing up a new ‘risk matrix’ to help leaseholders unable to sell flats in blocks shorter than 18m with potentially dangerous cladding, the prime minister has said. Boris Johnson during prime minister’s questions (picture: Parliament TV) Sharelines Speaking during prime minister’s […] Click here to view original…

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Feature: Flat owners caught in mortgage trap

The Grenfell fire tragedy of June 2017, in which 72 people died, has highlighted fire safety issues with thousands of blocks of flats, exposed decades of lax building controls, and shone a light on a construction sector that focused on building properties fast and cheap. The fire spread quickly […] Click here to view original…

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