Report sheds light on soaring insurance premiums for cladding-hit landlords
Insurers’ reluctance to cover buildings with flammable cladding has resulted in soaring premiums for affected leaseholders – including thousands of landlords – since the Grenfell tragedy, a new report has found. Buyers, including property managing agents and freeholders, are finding it more difficult to get insurance, according to t […]Click here to view original web…
Building Safety: Levelling Up Secretary’s op-ed for The Telegraph
Levelling Up Secretary Simon Clark sets out his commitment to building safety and protecting leaseholders We have a new and reinvigorated government in Westminster. A government ready to roll up its sleeves and put in the hard graft so that the future of this country is bright and prosperous. […] Click here to view original…
Proposals to reform flats insurance market set out by City regulator
People living in blocks of flats could receive greater protections from high insurance costs under moves by the City regulator to improve how the buildings insurance market operates. A cross-industry risk-sharing scheme could be set up to limit the risk to individual insurers posed by buildings affected by flammable […] Click here to view original…
‘Name and shame’ call to Welsh Government for developers not fixing unsafe buildings
News Upper Grenfell Tower. Photo by ChiralJon,s licensed under CC BY 2.0 Welsh Liberal Democrats have called on the Welsh Government to publicly name and shame property developers that are refusing sort out buildings affected by the cladding and building safety crisis in the wake of the Grenfell disaster. […] Click here to view original…
Proposals to reform flats insurance market set out by City regulator
People living in blocks of flats could receive greater protections from high insurance costs, under moves by the City regulator to improve how the buildings insurance market operates (Steve Parsons/PA) People living in blocks of flats could receive greater protections from high insurance costs under moves by the City […] Click here to view original…
Proposals to reform flats insurance market set out by City regulator
People living in blocks of flats could receive greater protections from high insurance costs under moves by the City regulator to improve how the buildings insurance market operates. A cross-industry risk-sharing scheme could be set up to limit the risk to individual insurers posed by buildings affected by flammable […] Click here to view original…
Fire Safety Act: Is your lease fire-safe?
New fire and building safety regulations flowing out of the Grenfell Inquiry mean that conveyancers need to look again at template residential leases to ensure that building-managers reserve the powers they need to comply with their new responsibilities. Owning a reversionary freehold interest in a block of flats may […] Click here to view original…
Yorkshire housebuilder Gleeson sets aside £13m for cladding crisis works
The company’s latest annual results show that it has recorded an “exceptional provision” of £12.9m in regard to the costs of fixing buildings it had previously been involved in constructing that have now been identified to have fie-safety issues. It follows then-Housing Secretary Michael Gove announcing in January that […] Click here to view original…
Construction firm fails in legal bid to halt court action over alleged defects in Obel Tower in Belfast
The construction firm O’Hare & McGovern is attempting to stop legal action aimed at compelling it to carry out any necessary remedial works at an estimated cost of up to £1m. A High Court action over alleged “life-threatening” fire protection defects at Northern Ireland’s tallest residential building looks set […] Click here to view original…
Residents of 52 flats risk being ordered out of property if they cannot pay £250,000 insurance bill
Residents of 52 flats in a block with fire safety defects risk being ordered out of their homes unless they can pay a £250,000 insurance bill. Residents of Compass Point in Wythenshawe face a £250,000 insurance bill next year (picture: Google Street View) Sharelines Inside Housing has spoken to […] Click here to view original…
Construction firm fails in bid to halt High Court action over Obel Tower fire protection defects
It is claimed it will cost around £1m to fix cladding and fire protection issues at Belfast’s Obel Tower. A construction firm has failed in a legal bid to halt a High Court action over alleged “life-threatening” fire protection defects at Northern Ireland ’s tallest residential building. O’Hare & […] Click here to view original…
Unsafe cladding removal works still incomplete on over 300 high-rise buildings in Manchester and London
A DLUHC data release has disclosed that five years after Grenfell, there are still 300 high-rise buildings with incomplete unsafe cladding removal works The Building Safety Programme Monthly Data Release from the Department of Levelling up, Housing and Communities has shown that there are still over 300 high-rise buildings […] Click here to view original…