Cladding

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…

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…

The construction firm O’Hare & McGovern is attempting to stop legal action aimed at compelling it to carry out any necessary remedial works at an estimated cost of up to £1m. A High Court action over alleged “life-threatening” fire protection defects at Northern Ireland’s tallest residential building looks set […] Click here to view original…

Residents of 52 flats in a block with fire safety defects risk being ordered out of their homes unless they can pay a £250,000 insurance bill. Residents of Compass Point in Wythenshawe face a £250,000 insurance bill next year (picture: Google Street View) Sharelines Inside Housing has spoken to […] Click here to view original…

It is claimed it will cost around £1m to fix cladding and fire protection issues at Belfast’s Obel Tower. A construction firm has failed in a legal bid to halt a High Court action over alleged “life-threatening” fire protection defects at Northern Ireland ’s tallest residential building. O’Hare & […] Click here to view original…

A DLUHC data release has disclosed that five years after Grenfell, there are still 300 high-rise buildings with incomplete unsafe cladding removal works The Building Safety Programme Monthly Data Release from the Department of Levelling up, Housing and Communities has shown that there are still over 300 high-rise buildings […] Click here to view original…

MJ Gleeson (GLE) is unlike other housebuilders. In part, this is because it targets a lower price point than its competitors, with its average home selling for £167,300, but also because post-Grenfell cladding costs have not impacted its bottom line in the same way they have for its competitors. […] Click here to view original…

Five years on from the Grenfell tragedy homeowners across the country still find themselves trapped in unsellable and potentially unsafe properties. In the wake of the deadly blaze which claimed 72 lives in 2017 a public inquiry laid bare the extent of flammable cladding and fire safety defects in […] Click here to view original…

Cladding bill wipes 40 per cent off profits House prices forecast to fall Another housebuilder, another post-Grenfell cladding bill. Much like its competitors, Redrow’s (RDW) most recent results – for the year to 3 July – reveal that pre-tax profits have been slashed by eye-watering costs as a result […] Click here to view original…

(Alliance News) – Redrow PLC on Wednesday raised its dividend but saw annual profit decline as it booked one-off costs related to a UK government pledge surrounding fire safety measures. For the 53 weeks that ended July 3, revenue rose 10% to GBP2.14 billion from GBP1.94 billion. However, pretax […] Click here to view original…