Sarah Heatley, Senior Associate at Forsters LLP, has written for the Property Reporter online, advising leaseholders about the latest fire safety related announcement by the government.
The Housing Secretary, Rt Hon Robert Jenrick MP, has pledged a further £3.5 billion to fully fund the remediation of unsafe cladding on residential buildings over 18 metres or six storeys high. Leaseholders in low-rise blocks between 11-18m in height will be eligible for a new government loan scheme under which repayments for cladding removal are to be capped at £50 per month. A developer levy to help fund these measures will be imposed on certain high-rise developments and a new tax on the residential property sector is to be introduced in 2022.
"The key is to get organised and act quickly so that your range of options to recoup or claim the costs of remediation is not diminished."
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