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Cladding - Government to bring an end to unsafe cladding

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On the 10th February 2021, The Housing Secretary, Robert Jenrick discussed the issues surrounding cladding in the House of Commons and unveiled a five-point plan to bring an end to unsafe cladding.  The Grenfell fire tragedy has highlighted and brought into focus the importance in taking action against the use of dangerous cladding in England and Wales.

Robert Jenrick’s plan is said to provide reassurance to homeowners and confidence to the housing market. The five-point plan detailed below will boost the housing market and free up homeowners to once again buy and sell their properties.

Five Point Plan

  1. The Government will pay for the removal of unsafe cladding for leaseholders in all residential buildings for 18 metres and over in England;
  2. Generous finance scheme to provide reassurance for leaseholders in buildings between 11 and 18 metres (4 to 6 storeys), ensuring they never pay more than £50.00 a month for cladding removal;
  3. An industry levy and tax to ensure developers play their part;
  4. A world class new safety regime to ensure tragedy like Grenfell never happens again and
  5. Providing confidence to this part of the housing market including lenders and surveyors.

The Government is set to invest £5 billion into building safety and they will fully fund the costs of replacing unsafe cladding for all leaseholders in residential buildings 18 metres and over. This will ensure all high risk buildings are covered and lower rise buildings, will gain new protection from the costs of the gladding removal with the generous finance scheme.

For further information on the new proposal and supportive quotes from mortgage lenders on the proposals, please follow the link below.

Our Property team here at Johnson Astills can assist you with a variety of transactions. Please contact us on 0116 255 4855 to make an enquiry.