(Sharecast News) – Crest Nicholson said the extra cost of dealing with dangerous cladding on properties it built would be up to £120m after the government widened the list of affected homes. The FTSE 250 housebuilder said it had recorded £47.8m of net charges since October 2019 following the […]Click here to view original web…

40 minutes Housing developers have until today to sign the government’s Building Safety Pledge for ending the cladding crisis – and Crest Nicholson is the first to go public on its intention to acquiesce. In a statement this morning Crest Nicholson said that it has told the Department for […] Click here to view original…

Housebuilder Crest Nicholson has revealed another hit of up to £120m after signing up to the Government’s new Building Safety Pledge in the wake of the Grenfell Tower tragedy (Jonathan Brady/PA) Housebuilder Crest Nicholson has revealed another hit of up to £120 million after pledging to carry out further […] Click here to view original…

Company photo / Crest Nicholson The FTSE 250 housebuilder said it had recorded £47.8m of net charges since October 2019 following the 2017 Grenfell Tower fire that killed 71 people. In January 2022 the government required developers to make safe buildings between 11 and 18 metres high that had […] Click here to view original…

Many have been stuck with unsafe cladding on their buildings that was highlighted by the Grenfell disaster. (Aaron Chown/PA) It was a flurry of trading in the UK’s housebuilders that helped London’s top index keep its head above water on Monday as trading started for the week. Reports have […] Click here to view original…

Scottish Government to ban bring in tough flammable cladding ban ALL new residential and “high-risk” buildings above 11m in Scotland will be banned from using combustible materials, in tough new measures to be announced by the Scottish Government. The change to building regulations will mean rules here are far […] Click here to view original…

The government is understood to have dropped its demand for housebuilders to contribute towards a £4bn cladding remediation fund, from its current negotiations with industry. It is embroiled in discussions with the Home Builders Federation (HBF) over a plan to remediate dangerous cladding on buildings of between 11 metres […] Click here to view original…

In a move that will be welcomed by the hundreds of thousands of people who are living in currently unsellable properties, The Building Societies’ Association and UK Finance have issued a joint statement concerning defective cladding and how future mortgage lending on properties in such buildings may be treated. […] Click here to view original…

Negotiators working on text of “pledge” to remediate housing blocks – but funding for ‘orphan’ buildings unresolved Housing secretary Michael Gove is on the verge of agreeing a deal with the Home Builders Federation which will see housebuilders agree to repair housing blocks affected by the fire safety crisis […] Click here to view original…

Some people are now protected from huge costs of cladding and fire safety repairs Published 13 hours ago “The financial nightmare” for some tenants caught up in Suffolk’s building crisis is nearing an end – but not everyone will benefit from this Government announcement. The Government says leaseholders who […] Click here to view original…

The Welsh government has pledged to buy properties from leaseholders in unsafe buildings who can’t sell and can’t afford the costs of keeping them safe. The Leaseholder Support Scheme will help individual leaseholders who find themselves in “significant financial hardship” due to escalating costs associated with fire safety issues, […] Click here to view original…

Many leaseholders have found it impossible to sell due to exposed fire safety defects A scheme for people worst affected by the post-Grenfell fire safety crisis to sell their flats to the Welsh government will open in June. The policy has been described as being for a “small number” […] Click here to view original…