Cladding crisis doubles home insurance bill
Fire safety reviews after the Grenfell Tower disaster have revealed highly flammable cladding on a number of high-rise developments Homeowners at an upmarket Glasgow development have had their building insurance bills doubled overnight after an independent fire safety review revealed highly flammable cladding on the facade. Flat owners at […]Click here to view original web…
Tax developers to solve cladding crisis, says Barratt chief David Thomas
MPs have estimated the cost of taking down dangerous cladding at £15 billion The boss of Britain’s biggest housebuilder has said that he would support a tax on developers to help to solve the cladding scandal that has left millions of leaseholders trapped in unsellable properties. David Thomas, chief […] Click here to view original…
Barratt reports record new housing completions but profit hit by cladding costs
Barratt reported a jump in revenue and profit in the first half of the year UK housebuilder Barratt Developments announced it will resume dividend payments after posting record completions, but warned it will take a £56m hit on legacy properties, including issues related to cladding. The firm said it […] Click here to view original…
Barratt Developments sales hit record but cladding costs slow profits
Cladding remedial work provisions rose by £63.4mln in the first half Dividend payments have restarted with a 7.5p interim Barratt Developments PLC ( LON:BDEV ) has resumed dividend payments after house sales hit a new record in the six months to end-December 2020. Interim revenues rose by 10.1% to […] Click here to view original…
Builders pay £56m to strip Grenfell cladding from Croydon flats
Barratt, the housing developers, took a £56million hit on its profits to fix fire safety and structural problems in “legacy properties”, the bulk of which was spent in removing flammable cladding from their Citiscape block in Croydon. Barratt spent tens of millions on removing flammable cladding from their Citiscape […] Click here to view original…
Cladding scandal: Barratt takes £56m profit hit to fix dangerous buildings
Barratt estimated that it faced a £70m bill for replacing combustible materials at all of its sites Britain’s biggest housebuilder Barratt Developments has taken a £57m profit hit to cover the cost of fixing dangerous buildings covered with flammable cladding . The largest bill was for Citiscape, a block […] Click here to view original…
Fire-risk cladding families still wait for help as 11 million Britons living in fear
The apartment buildings at Royal Artillery Quays in South East London are among those deemed unsafe Get US and UK politics insight with our free daily email briefing straight to your inbox When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll […] Click here to view original…
Cladding Crisis: What effect is the problem having on children?
Families living in unsafe buildings because of insufficient fire-safety regulations face the double worry of bankruptcy and their children not being safe in their own home. Thousands of families in the region face bills of up to £100,000 to make their properties safe from the type of flammable cladding […] Click here to view original…
Government inaction on the cladding scandal makes no sense – politically, financially, or morally
The Tories’ misconceptions about the voters who live in tower blocks, as well as their fear of U-turning, have blinded them ‘In addition to the electoral case, fixing the problem would be a simple, quick and much-needed boost for the construction industry’ (Photo: Leon Neal/Getty Images) One of the […] Click here to view original…
Tory Rebellion Over Cladding Scandal Grows Leaving PM Facing Potential Defeat
Boris Johnson is facing potential defeat at the hands of Tory rebels over the cladding scandal with 38 MPs now supporting a backbench amendment to protect flat owners. Stephen McPartland, who is leading on the amendment, revealed the figure and said campaigners were making “huge progress” towards ensuring leaseholders […] Click here to view original…
Boris Johnson pledges to help victims of cladding scandal and says leaseholders shouldn’t foot bill
Boris Johnson pledges to help victims of the cladding scandal and says leaseholders shouldn’t foot the bill for defects PM said Government ‘determined’ home owners would not have to pay the bills Campaigners said ministers yet to follow up on commitments made in the past Over a million homeowners […] Click here to view original…
Liverpool homeowners’ charges go from £2.5k to £38k amid cladding scandal
The costs of the cladding scandal are continuing to mount for people across our region. Flat owners in Liverpool are being told the charges they pay to building owners could go from £2,500 to £38,000 a year to absorb costs associated by problems with their cladding. The city’s cabinet […] Click here to view original…
