Persimmon sets aside £75m to fund cladding work on its buildings
Persimmon said it had a clear duty to address the cladding issue Persimmon, the UK housebuilder that has been battling to restore trust with customers over historic build quality issues, has announced a £75m provision to help fund the removal of potentially unsafe cladding on its buildings. The company […]Click here to view original web…
Grenfell legacy: £5bn bailout for leaseholders trapped by unsafe cladding is ‘too little, too late’, says Labour
Albert House, Woolwich, London, which has cladding that since the Grenfell disaster has been deemed un-safe A long awaited bailout package worth billions of pounds for homeowners affected by the cladding scandal is being announced by the government. Nearly four years after the Grenfell fire tragedy, in which 72 […] Click here to view original…
Persimmon to spend £75m on cladding replacement
43 minutes Housing developer Persimmon has made a provision pf £75m in its 2020 accounts to cover the costs of fixing or replacing flammable cladding. While Persimmon mainly builds traditional family homes rather than high-rise blocks, it has identified 26 tall buildings that may need to be reclad. Chairman […] Click here to view original…
Housebuilder Persimmon sets aside £75m for cladding removal
The housebuilder Persimmon has set aside £75m to pay for any work needed to remove cladding on its high-rise buildings after a review of its past developments. The developer is mostly known for constructing family homes but has identified 26 multistorey buildings it constructed that have cladding that may […] Click here to view original…
Extra £3.5bn to rip Grenfell cladding off high-rise homes – but thousands of homeowners forced to take out LOANS
AN EXTRA £3.5billion is being dished out to rip Grenfell-style cladding off high-rise flats, ministers have announced today, but thousands of homeowners will be be forced to take out LOANS instead. But Housing Secretary Robert Jenrick was accused of “betrayal” today – as thousands are stuck in homes they […] Click here to view original…
Government gives extra £3.5bn for high-rise cladding removal and loans for smaller buildings
Grenfell cladding firm didn’t withdraw ACM for ‘commercial’ reasons, inquiry hears Two small housing associations under investigation by the regulator There was an unpleasent echo of history in Robert Jenrick’s comments on cladding Cladding tax is ‘laughable’, says property developer Major housing association sells 800-room student accommodation development to […] Click here to view original…
UK government vows £3.5bn extra cash and developer taxes to fix cladding scandal
Britain’s housing secretary Robert Jenrick. Photo: Henry Nicholls/Reuters The UK government has announced £3.5bn ($4.8bn) extra funding and two new taxes on developers to fix the cladding scandal, promising leaseholders in high-rise blocks in England will face no costs for safety works. Campaigners and opposition MPs said the measures […] Click here to view original…
Extra £3.5bn fund promised to fix unsafe high-rise cladding – here’s what it means
A package of measures has today been announced by the Government in a bid to help flat-owners in England who’ve struggled to foot the bill to fix unsafe cladding on their high rise blocks in the wake of the Grenfell Tower tragedy. In an announcement made this afternoon, housing […] Click here to view original…
‘No cost to leaseholders’ in high-rise buildings as government pledges more cladding cash
‘Leaseholders will face no cost’ for cladding removal The government will provide a further £3.5bn to “end the cladding scandal in a way that is fair and generous to leaseholders” in the wake of Grenfell Tower fire, the housing secretary has announced. Robert Jenrick told MPs on Wednesday that […] Click here to view original…
Government to bring an end to unsafe cladding with multi-billion pound intervention
Housing Secretary announces the government will pay for the removal of unsafe cladding for all leaseholders in high-rise buildings, providing reassurance and protecting them from costs New levy and tax on developers to ensure industry contributes Measures will boost the housing market and free up homeowners to once again […] Click here to view original…
Robert Jenrick’s narrow cladding plans are “a betrayal” of Tory MPs and leaseholders alike
Millions of leaseholders’ hopes for cladding funding have been dashed by the Housing Secretary Robert Jenrick. In a much-anticipated announcement this afternoon, Jenrick announced a new £3.5bn fund to fix dangerous cladding on high-rise buildings in England. While this may sound substantial, it is far from the £15bn recommended […] Click here to view original…
Developer tax to help fund cladding removal
37 minutes The government is introducing new levies on developers in England to help free leaseholders from the cost of replacing flammable cladding. The 2017 Grenfell Tower fire exposed the extent to which developers had used flammable cladding systems Housing secretary Robert Jenrick today announced for a ‘Gateway 2’ […] Click here to view original…