Reimburse leaseholders for cladding costs and include portfolio landlords in exemptions, MPs say
The Levelling Up, Housing and Communities (LUHC) committee has asked the government to reimburse the costs already paid by leaseholders to remediate cladding and to include buy-to-let landlords in exemptions. In its ‘Building Safety: Remediation and Funding’ report, the cross-party committee said too many leaseholders were falling through the […]Click here to view original web…
Cladding-hit flat owner says it will be ‘at least six years’ from when she first heard about the fire defects at her building before she can sell
A flat owner say it will be ‘at least six to seven years’ since first discovering dangerous cladding on her block before she can sell up. It reflects the time many cladding-hit leaseholders have had to put their lives on hold for while they fight for their fire-trap homes […] Click here to view original…
MPs oppose plan to make landlords pay for unsafe cladding
A cross party group of MPs has opposed the government’s plans to make many buy-to-let landlords pay for the replacement of dangerous cladding. Following the Grenfell tragedy, ministers have proposed that landlords renting out more than one leasehold property will be excluded from the government’s plans to finance the […] Click here to view original…
MPs oppose government plans to make buy-to-let landlords pay for unsafe cladding
Ministers have proposed that landlords renting out more than one leasehold property will be excluded from its commitment that no leaseholder should have to pay for the removal of unsafe cladding following the Grenfell tragedy. Following evidence provided by the National Residential Landlords Association (NRLA), the Levelling Up, Housing […] Click here to view original…
MPs call on government to reverse plans to force landlords to pay for cladding remediations
(Photo by Leon Neal/Getty Images) Cross-party MPs have criticised the government’s building safety policies as “piecemeal measures”. A proposed cap for fixing building defects that are not cladding should be scrapped, a report from the Levelling Up, Housing and Communities (LUHC) Committee has concluded today. The report was a […] Click here to view original…
Flat owners ‘fall through cracks’ of Tory cladding cash – key demands to fix the problem
Workers remove cladding for testing from one of the tower blocks in Salford City on June 26, 2017 Too many flat owners will fall through the cracks of the Tories’ “piecemeal” response to the cladding crisis, a damning report says today. The Commons Housing Committee demands existing help is […] Click here to view original…
Developers must pay full cost of removing dangerous cladding, insists Gove
previous next Developers must pay for work to remove dangerous cladding from medium-rise buildings, according to Housing Secretary Michael Gove, reiterating his position to the Home Builders Federation. He says he is “disappointed” that the industry has not put forward a funding solution to cover the full cost of […] Click here to view original…
UK house sales surge – but housebuilder stock prices slump
New buyers check agent listings – Photo: Shutterstock The atmospheric conditions hanging over UK housebuilders appear grim: rising interest rates means more affordability pressure and the severest cost of living crisis in a generation is undercutting living standards for anyone on or near average incomes – around £611 a […] Click here to view original…
How Cardiff’s opposition parties would change the council budget
The budget was voted through by a majority of councillors on Thursday, March 3 Opposition councillors in Cardiff would freeze council tax, help victims of the cladding scandal, and reopen a recycling centre if they controlled the city’s budget. The Labour-run Cardiff council has passed the budget for the […] Click here to view original…
Gove sends housebuilders back to drawing board over cladding plans
Levelling Up Secretary Michael Gove has rejected developers’ offer to remediate unsafe buildings while protecting leaseholders from escalating costs. The building industry had suggested funding the remediation of fire safety defects in properties they had a role in developing above 11 metres, without drawing on the Building Safety Fund, […] Click here to view original…
PAS 9980 not an alternative to EWS1
As many know, the PAS 9980 is not intended to be an alternative to the EW1S, according to James Adkin, financial services professional at London Money. He went on to explain that PAS 9980 is designed to be an additional provider of more detailed information. The government published PAS […] Click here to view original…
Redrow record strong first half to financial year with revenues over £1bn
Flintshire-headquartered housebuilder, Redrow, has reported a relatively strong first half of its financial year with revenues just over £1bn. The company has posted its revenue- six months to 2 January 2022 – of £1.05bn, a rise of £11m on the first half of 2021. Pre-tax profits were also up […] Click here to view original…