Updated cladding guidance means 500,000 leaseholders will no longer need an EWS1 form
New guidance aimed at reducing the number of wall safety surveys being requested by banks and building societies on blocks of flats has been broadly welcomed. The guidance issued by RICS aims to help lenders save time when the inspections are not needed, with most lenders expected to follow […]Click here to view original web…
New guidance on cladding: What does it mean for homeowners?
New guidance issued by surveyors is supposed to provide clarity and help homeowners to sell their flats Hundreds of thousands of leaseholders should be free to move home thanks to clearer guidance about which blocks of flats need to be checked for combustible cladding and other fire safety defects. […] Click here to view original…
Minister says cladding firms should ‘contribute’ to help leaseholders hit by scandal
Firms who “frankly abused” fire safety testing regimes should stump up cash to make buildings safe The minister for building safety has called for manufacturers of unsafe cladding to “make a contribution” to help leaseholders affected by the scandal. Lord Greenhalgh today told the Cladding Remediation committee that firms […] Click here to view original…
UK RMBS vulnerable to Grenfell cladding fallout
UK RMBS could see marginal losses from the government’s Grenfell inquiry pushing the cost of removing flammable cladding on up to 1.5m flat owners across the country, after DBRS Morningstar research revealed on Monday that repossessions could eat into securitized mortgage portfolios. The UK government is balancing the rapid […] Click here to view original…
Curo flats with “potentially flammable” cladding set to be demolished
Four apartment blocks in Radstock are set to be torn down after a survey exposed significant fire safety defects. Walnut Buildings in Radstock | Image © Google 2019 The Walnut Buildings were built in the 1960s and refurbished in 1995, when external cladding was installed. Following a 2019 survey […] Click here to view original…
Cladding rules: New guidance to help flat owners stuck in ‘limbo’
People in flats with and without cladding have been left unable to move without the safety checks New guidance has been released aimed at reducing the number of wall safety surveys being requested by banks and building societies on blocks of flats. Thousands of flat owners have been unable […] Click here to view original…
Cladding rules: ‘I would never have bought my flat if I knew’
Holly did not expect so much stress NHS worker Holly Ciesielczuk bought 75% of her first-floor flat in Redbridge in March 2019, under shared ownership. But when she tried to borrow more money to increase her share of ownership a year later, she hit a stumbling block. Following their […] Click here to view original…
Man could be hit with £40,000 bill due to dangerous cladding on his city centre apartment
(Image: James Beck/BristolLive) A Bristol man could be hit with a £40,000 bill to repair dangerous cladding on his apartment. Fraser Bridgeford, who lives in a city centre apartment, says people have been left in limbo because work on their building might not start for years. And until the […] Click here to view original…
Cladding rules: ‘I would never have bought my flat if I knew’
image captionHolly did not expect so much stress NHS worker Holly Ciesielczuk bought 75% of her first-floor flat in Redbridge in March 2019, under shared ownership. But when she tried to borrow more money to increase her share of ownership a year later, she hit a stumbling block. Following […] Click here to view original…
Cladding scandal: Jenrick announces no-cost plan for leaseholders
An extra £3.5bn has been promised by the UK government to remove unsafe cladding from high-rise buildings over 18m high, or six storeys in England. In an “exceptional intervention”, Housing Secretary Robert Jenrick said the government was taking a “safety- led approach” and aimed to “end the cladding scandal […] Click here to view original…
Cladding scandal: How the Grenfell Tower fire led to a homeowner crisis, and what today’s announcement means
The Government will provide an additional £3.5 billion to remove unsafe cladding from high and medium-rise buildings in England, but leaseholders in shorter buildings have been excluded, forcing many to take out loans to meet their huge costs . Financial support will be available to those in low rise […] Click here to view original…
Building firm Taylor Wimpey allots £125m for cladding & fire safety
UK’s leading house building company, Taylor Wimpey has reportedly announced allocation of £125 million towards cladding and fire safety repairs. According to credible reports, upwards of 230 buildings are expected to benefit from this funding, including those buildings that are less than 18-meter-tall, which are not covered by government […] Click here to view original…
