Tuesday, October 20, 2020

"End our Cladding Scandal: Developers make £5.2 billion in profits while leaseholders face huge bills for safety works"

Need I say any more? Except many leaseholders are not only facing massive bills for the removal of dangerous cladding but also to make good other shoddy and incomplete safety work. While the government as the ultimate regulator of building standards should take responsibility so should the developers and the new home warranty insurers. 

Hat tip Inside Housing (pay wall)



John Gray said...

I am fully supportive of campaigns for "for profit" developers, insurers and the government to foot the bill for these costs.

These developers did not supervise their staff/contractors properly; the insurers have enjoyed premiums for many years to cover such shoddy work and the government failed to regulate.

A one off "windfall" tax on these obscene profits would be welcome. Everyone knows that much of these profits are the result of the Government "help to buy" subsidy.

Anonymous said...

> Hat tip Inside Housing (fire wall)

I think you meant to say (pay wall).

John Gray said...

thanks. updated