Residents claim the overall cost of insurance has increased almost tenfold, from £67,000 to £624,000 per year. Desperate homeowners living in low-rise flats with flammable cladding claim they have been stuck with massively inflated insurance fees since the Grenfell disaster. Residents of Picton in Victoria Wharf, Cardiff, claim the […]Click here to view original web…

Desperate homeowners living in low-rise flats with flammable cladding claim they have been stuck with massively inflated insurance fees since the Grenfell disaster. Residents of Picton in Victoria Wharf, Cardiff, claim Cardiff council has the power to save them from inflated insurance costs charged by a sister-company to the […] Click here to view original…

Projects aimed at tackling fire safety risks on high-rise residential buildings have been boosted by the publication of a new model insurance clause, the Building Safety Fund Cladding and Fire Safety Limited Exclusion and Aggregation Clause, covering fire safety risks The wording has been developed by the International Underwriting […] Click here to view original…

Barratt Development PLC saw its annual profits tumble by 21% as the rising cost of remedial cladding repairs bit into margins at the UK housebuilder. Revenues rose by almost 10% to £5.2bn in the year to end June 2022, as the number of housing completions rose by 4% to […] Click here to view original…

Mining and oil stocks led the fallers in the lead index which at 8.55am was trading 90.14 points lower at 7,210.30. FTSE 100 nurses heavy losses at the open down 90 points Global growth fears send commodity prices lower Chancellor summons bank leaders for talks – Sky Yesterday’s rally […] Click here to view original…

Peter Larwood, chair of the Victoria Wharf residents’ association Desperate homeowners living in low-rise flats with flammable cladding claim they have been stuck with massively inflated insurance fees since the Grenfell disaster. Residents of Picton in Victoria Wharf, Cardiff, claim Cardiff council has the power to save them from […] Click here to view original…

An Essex-based housing contractor will pay £10.8m in costs and damages to the owner of a set of Portsmouth towers following a historic High Court judgement over the summer. In July, a judgement handed down at the Technology and Construction Court found Mulalley had breached its contract in both […] Click here to view original…

Building products manufacturer James Hardie has been awarded $2.1​ million in costs after successfully defending itself in a leaky building case at the High Court in Wellington. A group of 153 owners of leaky properties failed to prove their claim that James Hardie’s Harditex fibre cement cladding boards were […] Click here to view original…

Barratt Development PLC’s annual profits tumbled by 21% as the rising cost of remedial cladding repairs bit into margins at the UK housebuilder. Revenues rose by almost 10% to £5.2bn in the year to end June 2022, as the number of housing completions rose by 4% to 17,908. Profits, […] Click here to view original…

The towers in Gosport Housing association Hyde Group has won £10.8 million in damages and costs from a contractor after a dispute over defective cladding. Construction firm Mulalley was ordered to pay damages and costs to group subsidiary Martlet Homes in a case relating to tower blocks in Gosport, […] Click here to view original…

Construction firm Mulalley must pay £10.8m in damages and costs to a housing association over defective cladding. Martlet Homes, a subsidiary of Hyde Housing Group, won a case in July regarding five tower blocks in Gosport, Hampshire. At the time, Judge Stephen Davies awarded £8m to Martlet, ruling that […] Click here to view original…

Recladding work is now complete at Hyde’s Gosport towers Hyde became the first housing association to win a court case against a contractor for installing defective cladding. The final amount of damages due to Hyde after the case was not finalised until now. Andy Hulme, chief executive officer at […] Click here to view original…