Make the building giants pay! Ministers consider £2bn levy on developers as families face a £15bn bill for safe homes after Grenfell disaster
Big building firms face a multi-billion-pound levy to help families pay to repair homes with dangerous cladding in the wake of the Grenfell fire. It could a mean a levy on all high rise flats and possibly a separate charge on major developments to atone for building tens of […]Click here to view original web…
Apartment sales halve as cladding scandal forces lenders to withdraw mortgages
previous next Sales of apartments in the UK halved during September, latest figures from the Land Registry reveal, as confidence in the flats market tanks as many lenders reject mortgage applications to buy apartments within blocks. The data was published in a national newspaper yesterday, which reveals that during […] Click here to view original…
Sales of flats HALVE as housing market is crippled by fire risk fears brought on by Grenfell cladding crisis
Flat prices in the UK have halved as fears over dangerous cladding similar to that found on Grenfell Tower cripple the housing market. Families have been left in flats they cannot sell as flat transactions worth £1.6billion were lost in September amid concerns over unsafe constructions and fire risks, […] Click here to view original…
Sales of flats halve as cladding crisis threatens housing market
The fire safety scandal has spread to low-rise flats and even some houses Sales of flats have halved as official data reveals for the first time how a scandal over the shoddy construction of recent British homes is seeping into the economy. Flat transactions worth £1.6bn were lost in […] Click here to view original…
Scotland’s cladding crisis
Last March, when the pandemic was only just starting to grow roots in Scotland, the UK government promised a £1 billion pot of cash for homeowners whose flats were clad in dangerous materials. The idea of the Building Safety Fund was to cover the remediation cost of fixing blocks […] Click here to view original…
Cladding building owners told not to talk to press
Flat owners applying to a fund to help pay to remove flammable building cladding will be told not to talk to the press without government approval. A draft agreement, uncovered by the Sunday Times, says that even where there is “overwhelming public interest” in speaking to journalists, the government […] Click here to view original…
People are living with ‘a huge amount of stress’ by unsafe cladding problem in Eastbourne
They say they are in ‘a very stressful situation’ due to the ongoing debate around who is to pay for the repairs. In Eastbourne around 40 buildings including several in Sovereign Harbour have the cladding. In 2017 Grenfell Tower in London went up in flames killing 72 people. The […] Click here to view original…
Two firms behind Grenfell’s cladding and insulation scandal face being BANNED from taking Government contracts
Two companies that caused outrage over their behaviour in the Grenfell scandal face being put on a Government blacklist as punishment. Ministers want them banned from all state contracts on the grounds they are not fit to be trusted, the Daily Mail can reveal. It comes amid fury over […] Click here to view original…
Colmore Tang launches cladding remediation service
Colmore Tang Construction has launched a cladding remediation service to provide a complete solution for those seeking to replace dangerous cladding Colmore Tang has developed a comprehensive approach to cladding remediation and passive fire protection that enables a fully-audited, designed and delivered service. The contractors cladding remediation service has […] Click here to view original…
Flammable-Cladding Crisis in Residential Towers: The UK’s Housing Nightmare with “Mortgage Prisoners”
And who is going to pay? In the world of “leaseholders” and “freeholders.” Imagine owning an apartment in a high-rise building that is suddenly deemed to be a fire trap. Next, you discover that you and all your neighbors will have to pay tens of thousands of pounds each […] Click here to view original…
Government cladding repair fund leaves flat owners on the hook for huge bills
Residents caught in the cladding crisis fear they will be left with repair bills of tens of thousands of pounds to make their homes safe, even if they successfully claim from a government fund. … To continue reading Already a subscriber? Log in Enjoy unlimited access to all articles […] Click here to view original…
Over one million flats in England could be unmortgageable due to cladding – report
Some 1.27 million flats in England may be ineligible for a mortgage due to concerns around unsafe cladding, a report by Capital Economics has suggested. The consultancy firm said if it was to be assumed that the statement made by the Ministry of Housing, Communities and Local Governments (MHCLG) […] Click here to view original…
