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There have been many stories about leaseholders being asked to pay out thousands of pounds to cover the cost of removing and replacing unsafe cladding from the buildings their flats are in.
Now, the government has announced it will be providing a £3.5 billion fund to cover the full costs of removing and replacing unsafe cladding in any residential buildings that are more than 18m (or six storeys) high in England.
In addition, the government has also announced a scheme that will allow low-rise buildings (those between 11m and 18m high) to pay for cladding using a low-interest, government-backed finance arrangement. This will mean no leaseholder will ever be asked to pay more than £50 a month towards the cost of removing unsafe cladding.
To help cover the cost of cladding removal and replacement, the government has also announced a new tax on the residential development sector, which is designed to raise £2 billion over the next decade.
Housing secretary Robert Jenrick commented: “These measures will provide certainty to residents and lenders, boosting the housing market, reinstating the value of properties and getting buying and selling homes back on track.”
As City A.M. reported, 95 per cent of cladding made from aluminium composite material, like that which was found to have contributed to the spread of the Grenfell Tower fire, has been removed from residential buildings in the UK already.
However, there are various other types of cladding that have since been deemed unsafe and that therefore still need to be removed.
If you need scaffolding contractors in Sheffield to help assist with a large-scale renovation project such as removing cladding from a high-rise building, get in touch with us today.
