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<p>(A) The Government has announced a globally unprecedented investment in building
safety, under which, hundreds of thousands of residents, including shared owners,
will be protected from the cost of remediating unsafe cladding on their homes. We
are providing over £5 billion in grant funding for the removal of unsafe cladding
on residential buildings over 18 metres, as well as establishing a generous finance
scheme which will provide leaseholders in residential buildings of 11-18 metres with
access to finance for cladding remediation costs. Under this scheme leaseholders in
residential buildings between 11-18 metres will pay no more than £50 per month towards
the cost of cladding remediation.</p><p>We have also introduced a new model for Shared
Ownership which will include a 10 year period during which the landlord will support
with the cost of repairs in new build homes. The changes will prevent new shared owners
from being hit with unexpected repairs and maintenance bills and will help to bridge
the gap between renting and homeownership.</p><p>(B) Longstanding safety advice is clear that
height is a central factor in assessing risk. Buildings below 18 metres will not carry
the same risk as a building above 18 metres. It is right that we prioritise action
on higher rise buildings where risk to multiple households is greater when fire spreads,
which is why we have taken a risk based, proportionate approach.</p><p>Government
funding does not absolve building owners of their responsibility to ensure that their
buildings are safe. They should consider all routes to meet costs, protecting leaseholders
where they can - for example through warranties and recovering costs from contractors
for incorrect or poor work. We have seen many responsible developers and building
owners stepping up to take responsibility for correcting these defects - for example,
in more than half of the high-rise private sector buildings with ACM.</p><p> </p>
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