Residents of unsafe cladding flats facing bills topping £100,000, ministers hear
Workmen remove the cladding from the facade of a block of flats (Aaron Chown/PA) A “comprehensive plan” is needed to help leaseholders in high-risk flats who have been left with bills running into the hundreds of thousands and flats that are worthless, ministers have been told. Labour former minister […]Click here to view original web…
One-in-ten affordable homes “lost to building safety costs”
MORE THAN one-in-ten new affordable homes constructed for renting and buying in England can no longer be built due to the costs of making buildings safe following the Grenfell Tower fire. That’s according to new research conducted by the National Housing Federation (NHF). A survey of 106 housing associations […] Click here to view original…
More than 1 in 10 new affordable homes lost to building safety costs
More than 1 in 10 (11%) new affordable homes to rent and buy in England can no longer be built due to the costs of making buildings safe following the Grenfell Tower fire, according to new research by the National Housing Federation (NHF). A survey of 106 housing associations, […] Click here to view original…
Removal of dangerous cladding looks set to take another three and a half years
Support us and go ad-free Dangerous cladding will not be removed from all at-risk buildings until seven and a half years after the Grenfell Tower tragedy if the work continues at its present rate, government data has revealed. Urgency lacking Analysis of figures released by the Department for Levelling […] Click here to view original…
Bank of England probing risk that cladding crisis could make mortgage lenders go bust
The Bank of England is examining whether mortgage lenders could go bust due to the cladding crisis, The Telegraph can disclose, as Labour figures separately reveal that insurance premiums for affected flats have increased enormously. The Bank’s Prudential Regulation Authority is reviewing the extent of lenders’ exposure to leasehold […] Click here to view original…
What’s next for insurance on homes with cladding?
New housing secretary Michael Gove is ‘looking afresh’ at the government’s support for leaseholders, and building insurance is reportedly a key area of interest. Which? identified insurance bills as one of the five costs the scandal is piling on affected flat owners earlier this year . Some leaseholders have […] Click here to view original…
Work to end Grenfell cladding scandal to take another three-and-a-half years, data suggests
Grenfell has stood with a ‘forever in our hearts’ sign since the tragedy The removal of dangerous cladding from high-risk buildings is unlikely to be complete until seven-and-a-half years after the Grenfell Tower tragedy, government data suggests. The timeframe has been projected from analysis of the latest monthly figures […] Click here to view original…
Developers could be taxed to fix cladding crisis
Sky News published this video item, entitled “Developers could be taxed to fix cladding crisis” – below is their description. The Chancellor could implement a tax on residential property developers to help pay for cladding repairs. Thousands of homeowners face astronomical bills to replace cladding on their flats in […] Click here to view original…
Rishi Sunak’s budget: Property developers to pay £2 billion cladding tax
The levy comes after the Grenfell Tower fire in 2017, in which 72 people died Property developers will be forced to pay £2 billion over ten years to help replace dangerous cladding on hundreds of thousands of flats. The new levy on developers’ profits, which comes four years after […] Click here to view original…
Cladding scandal victim devastated after receiving a £119,000 bill to fix fire safety defects
Surveyors have uncovered a host of fire safety defects on apartment buildings, including unsafe cladding, insufficient fire breaks and flammable insulation. Maxine Burton apologises for repeatedly breaking down as she tells me about the demand for £119,000 that has just been delivered to her apartment in Cartier House at […] Click here to view original…
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The £2 billion levy on developers’ profits after the Grenfell Tower fire was dismissed by campaigners as insignificant relative to the cost of fixing affected buildings, estimated at between £10 billion and £50 billion 1 Property developers will be forced to pay £2 billion over ten years to help […] Click here to view original…
Residents at luxury apartments furious as they ‘live in permanent darkness’ after building is wrapped in PLASTIC
RESIDENTS in a luxury apartment block are “living in permanent darkness” after their entire building was wrapped in PLASTIC. Huge sheeting covers every inch of Islington Gate’s six-storey tower block in Birmingham while workers replace dangerous cladding with a non-flammable material. Residents in Birmingham’s Jewellery Quarter are ‘living in […] Click here to view original…