Housebuilders’ exceptional costs could stick around

It’s been just over five years since a tower block fire in Kensington killed 72 people. The Grenfell tragedy prompted a reckoning in building standards in the UK that is still ongoing, and no clearer evidence of this can be found in listed housebuilders’ latest set of results. This […] Click here to view original…

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Report sheds light on soaring insurance premiums for cladding-hit landlords

Insurers’ reluctance to cover buildings with flammable cladding has resulted in soaring premiums for affected leaseholders – including thousands of landlords – since the Grenfell tragedy, a new report has found. Buyers, including property managing agents and freeholders, are finding it more difficult to get insurance, according to t […] Click here to view original…

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Building Safety: Levelling Up Secretary’s op-ed for The Telegraph

Levelling Up Secretary Simon Clark sets out his commitment to building safety and protecting leaseholders We have a new and reinvigorated government in Westminster. A government ready to roll up its sleeves and put in the hard graft so that the future of this country is bright and prosperous. […] Click here to view original…

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Proposals to reform flats insurance market set out by City regulator

People living in blocks of flats could receive greater protections from high insurance costs under moves by the City regulator to improve how the buildings insurance market operates. A cross-industry risk-sharing scheme could be set up to limit the risk to individual insurers posed by buildings affected by flammable […] Click here to view original…

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Proposals to reform flats insurance market set out by City regulator

People living in blocks of flats could receive greater protections from high insurance costs, under moves by the City regulator to improve how the buildings insurance market operates (Steve Parsons/PA) People living in blocks of flats could receive greater protections from high insurance costs under moves by the City […] Click here to view original…

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Proposals to reform flats insurance market set out by City regulator

People living in blocks of flats could receive greater protections from high insurance costs under moves by the City regulator to improve how the buildings insurance market operates. A cross-industry risk-sharing scheme could be set up to limit the risk to individual insurers posed by buildings affected by flammable […] Click here to view original…

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Fire Safety Act: Is your lease fire-safe?

New fire and building safety regulations flowing out of the Grenfell Inquiry mean that conveyancers need to look again at template residential leases to ensure that building-managers reserve the powers they need to comply with their new responsibilities. Owning a reversionary freehold interest in a block of flats may […] Click here to view original…

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Yorkshire housebuilder Gleeson sets aside £13m for cladding crisis works

The company’s latest annual results show that it has recorded an “exceptional provision” of £12.9m in regard to the costs of fixing buildings it had previously been involved in constructing that have now been identified to have fie-safety issues. It follows then-Housing Secretary Michael Gove announcing in January that […] Click here to view original…

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