New plans reveal that flat owners will not have to pay to remove dangerous cladding from lower-height buildings after a major climbdown of government commitments.
The government will seek an extra £4bn from property developers to fund the removal of dangerous cladding, it has been reported.
The housing secretary Michael Gove is expected to announce today that leaseholders in buildings between 11 and 18 metres tall will no longer have to take out loans to cover the costs.
Instead, a Treasury letter reported by BBC Newsnight suggests he will threaten tax or legislation to pressure developers to cover the costs facing leaseholders, with no more money coming from the government.
Read the full article on Property Industry Eye | JANUARY 10, 2022 | MARC DA SILVA
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