Friday, January 21, 2022

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    Developers resist gove plans to meet bills to fix the cladding crisis

    The developers have hit the government’s latest plans to resolve the cladding crisis. This could result in a £ 4 billion invoice landing.

    Home Secretary Michael Gove is looking for a homebuilder to reduce the cost of solving fire safety issues in tens of thousands of UK real estate. Otherwise, developers face the potential for legal action.

    However, builders claim that they are unfairly selected and that other people, including building safety regulators and dressing manufacturers, should also be held accountable.

    “We can’t hold the developers all the responsibilities,” said Matthew Pratt, CEO of house builder Redrow. “It’s still too vague, so I want the government to be clear about what’s going on,” he added.

    Ministers have been struggling to contain the building safety crisis that has skyrocketed since then. 2017 fire at Grenfell Tower in western London, 72 people have died. The tragedy raised concerns about hundreds of tower blocks covered with the same flammable materials used in Glenfell.

    The crisis escalated in January 2020, and the government advised that the fire risk of multi-storey, multi-person homes, including more than 800,000 lease owners, should be assessed.

    Lenders refuse to issue mortgages on potentially unsafe properties, and lack of fire safety specialists to approve apartments make tens of thousands of homes unsellable Is effectively trapped in. Many face the cost of tens of thousands of pounds for temporary fire safety measures.

    Gove has taken a tough stance towards developers, and until March, they are providing developers with well-funded plans to resolve the cladding crisis. In a letter sent to builders on Monday, the Secretary of Housing threatened to limit access to government funds and future procurement if developers did not act.

    “Some developers have already done the right thing and are funding repair work. I admire their actions, but many others have failed to fulfill their responsibilities.” He said.

    Gove will announce plans on Monday to protect leaseholders from the costs associated with repair work. “Many people worked hard and innocent lease owners who made sacrifices to step into a residential ladder should land on a bill that they can’t afford to solve problems they didn’t raise. Is neither fair nor decent, “he said.

    Robert Jenrick, a housing secretary prior to Gove, has allocated £ 5 billion to repair buildings over 18 meters high, and renters of properties 11 to 18 meters high need dangerous apartments. He suggested that he could take out a loan to cover the repair work. However, Gove has made it clear that lease owners should not bear the costs of resolving fire safety issues.

    “Lease owners don’t have to pay to repair a building, and the previously proposed loan scheme has proven unrealistic,” said the Federation of Homebuilders on behalf of the developers. ..

    However, developers have already set aside hundreds of millions of assets to repair, and the government has raised another £ 2 billion through tax on the industry over the next decade.

    “Housing builders are committed to that role, but there are many other organizations involved in the construction of affected buildings, such as housing associations and local governments,” says HBF.

    “Developers and governments, as well as other parties, need to be involved in repair costs. In particular, developers purchase in good faith and design materials that later prove to be unsuitable. That’s the case with the material manufacturers that tested and sold it. “

    Lease owners have carefully welcomed Gove’s plans to be announced on Monday.

    “I wish I had more money in a building from 11m to 18m, but there are still people who don’t have access to the funds. Fire safety issues in buildings less than 11m and all other uncovered materials without funds” campaign The group states. End the cladding scandal.

    Developers resist gove plans to meet bills to fix the cladding crisis

    Source link Developers resist gove plans to meet bills to fix the cladding crisis

    The post Developers resist gove plans to meet bills to fix the cladding crisis appeared first on Eminetra.

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