News – UK – Anger Over New Cladding Scheme – How It Works and Why It “Reveals” Homeowners

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Homeowners thrown together with five-digit bills to remove the paneling will end up with £ 3.5bn Funds – three and a half years after Grenfell This only applies to high-rise blocks, however, and other tenants now have to pay £ 50 per month for years

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Tory ministers today announced £ 35 billion in funds to replace combustible linings in England – more than three years after Grenfell

Private homeowners in blocks over 18 meters (six stories) no longer have to pay for the replacement of the hazardous material after greedy construction companies hit them with five-figure bills

Housing Secretary Robert Jenrick claimed the program was “the largest government investment ever made in building security”

But he’s angry because he “randomly” leaves people out in smaller chunks and instead makes them pay up to £ 50 a month for “many years”

And there are still no answers to important questions – including how quickly the problem will be resolved and how long people will have to pay for “watch watches” to check that their house is not currently on fire A fund worth 30 million GBP for watch clock exchanges is open to requests, but there is no set deadline

That is all, of course, despite three and a half years since flammable cladding in Grenfell Tower cost 72 lives

Angry Tory MP Stephen McPartland listened to the announcement “head in hands” and added, “It’s a betrayal of millions of tenants. It’s not good enough. It’s shocking incompetence. It’s clear that the PM now has to intervene “

What exactly is today’s announcement and why isn’t it branded well enough? Here’s what you need to know:

A new system guarantees that private tenants have “no cost” to remove or refurbish cladding in buildings over 18 meters or six stories in England

However, homeowners in blocks of four to six stories – or 11 to 18 meters – must take out a loan to remove the siding, which can be repaid for “many years” at up to £ 50 a month

The £ 50 per month loans will remain with the apartments and not with individual owners This means that new buyers will need to consider them when deciding to rent an apartment, which could bring prices down

The loans will be “long-term” and “low interest”, Jenrick said – but he has not set a time after which they would expire

Elsewhere, Jenrick also announced a new developer fee for “Gateway 2”, which will be introduced under the Building Security Act and will force developers to pay for “historical” defects when building new high-rise locations

Second, he announced that there will be a new UK residential real estate tax from 2022, which will be “at least $ 2 billion over a decade Raises GBP to pay for panel refurbishment “

The exact design of the tax is not yet clear and has yet to be consulted. It seems that it would hit great developers

Jenrick said, “The tax will ensure that the largest real estate developers make a fair contribution to the redevelopment program in terms of the money they make from residential properties This reflects the benefit they will get from restoring confidence in the UK property market “

Finally, the government endorsed the work of the Royal Institute of Chartered Surveyors to reduce the number of cases where mortgage lenders require an EWS1 form before borrowing money

The Forms – also known as the External Wall Fire Review Form – are an expensive barrier that leaves people “trapped” in unsaleable homes. Mr. Jenrick claimed the guidelines would help half a million tenants with an EWS1 form have to fight

The government pledges to “work towards a targeted, government-sponsored compensation system” for building inspectors who were unable to fill out EWS1 forms because they could not obtain the correct compensation insurance

The government insists that focusing on buildings more than 18 meters high prioritizes cash for the most vulnerable

Officials claim it is following “longstanding independent expert advice,” which shows that buildings between 18 and 30 meters are four times more likely to be fires, causing death or serious casualties, than residential buildings in general

They also say that cladding is more likely to be a hazard in taller buildings and may not need to be removed in lower blocks

Robert Jenrick said, “If the Labor Party thinks that we shouldn’t go along with this, and that the Chancellor should actually write a blank check saying that absolutely any security flaw on a building of any height should be paid for to the taxpayer are these very substantial costs ”

But he’s mad at the “arbitrary” 18-meter limit Andy Burnham, Mayor of Greater Manchester, said the Cube block of flats in Bolton is “under 18 m but it burns as fast as Grenfell”

Labor MP Margaret Hodge said, “Fire doesn’t distinguish between the level and the government either” More of that anger below

There was no announcement today for people in buildings of three stories or less who could apparently still be hit with mind-boggling disguise bills by their free owners

There was also no new answer as to who is going to pay for expensive “watch watches” – guards patrolling buildings to check that they are not currently on fire. Mr. Jenrick referred to a £ 30 million fund, to replace watch clocks with already opened fire alarms

We also don’t know when the new support will start or when we will get more details about it

And we don’t know if the £ 50 monthly loan for people living in low rise will ever be written off.If it doesn’t, the announcement suggests an apartment with a bill of $ 50£ 000 could pay off for more than 80 years

In the meantime, Mr. Jenrick did not announce any new tough measures today against disguise companies, greedy developers, or insurers who he suspected were “benefiting from the backs of the tenants”

Instead, he urged companies to do the right thing before a new tax and other measures in the longer future

After all, Mr Jenrick’s announcement was only for England. While Scotland, Wales and Northern Ireland are getting more money from the Barnett formula, there could be differences between different nations

The Department of Housing, Community and Local Government issued a number of supportive quotes from mortgage lenders

Barclays said, “We believe this will make it much easier for buyers, sellers and lenders to evaluate properties, helping this part of the real estate market move again”

HSBC said, “These proposals will help homeowners, residents and landlords repair properties that have been identified as having problems

“This means that surveyors can accurately evaluate these properties and that banks and building societies can assist homeowners with the mortgage solutions they need”

Conservative Stephen McPartland told the BBC, “The focus now is incompetence and it is time to call this out, number 10 needs to get involved now and get this situation under control”

Clive Betts MP, Chairman of the Housing, Community and Local Government Committee, said, “The increase in government support to assist in the removal of siding in certain circumstances is welcome

“However, the arbitrary difference in the amount of support that depends on whether a person lives in a five- or six-story building is unfair”

Lib Dem MP Daisy Cooper said, “When the city went through a regulatory error, the government bailed out the banks with £ 500 billion in a matter of days.

“In the face of a fire code failure, it has taken the government three and a half years and only offered six when people are afraid of burning in their homes”

Angela Rayner, vice chairwoman of the Labor Party, tweeted, “Tenants shouldn’t and shouldn’t pay for the disguise crisis caused by seedy developers, cowboy builders, and flammable cladding makers.

“You should bear the costs, not the residents who bought their homes in good faith and were left in this situation”

Paul Afshar, End Our Cladding Scandal activist: “The government promised us that no tenant would have to pay to keep their houses safe. Today we feel betrayed

“We were hoping for a solution to end those sleepless nights, and for millions living in buildings under 18m there was no Robert Jenrick needs to deal with the disguise crisis

“Loans that are longer than mortgage terms for millions and not even enough to cover the cost of making the buildings that the government believes are the safest

“Taxpayers and tenants are billed for billions of pounds, while the biggest developers – who have made over £ 10 billion in profits since the Grenfell fire – are frivolously sacked

“Many people who live in buildings under 18 m still have to bear the costs – for many over 30000 pounds – who have been burdened with debt around their necks for thirty years

“Where is the money for missing fire breaks, alarm systems or for cladding buildings under 18 m? Tenants are the victims of this crisis and have done nothing wrong to earn it””

Thangam Debbonaire, Minister for Shade Housing, said the government had promised 17 times that tenants would not pay for the building security crisis just to “betray” it

She added, “Hundreds of thousands cannot sleep at night because their homes are unsafe The government decided today to impose financial misery on them This is an injustice”

Robert Jenrick, cladding, fire in Grenfell Tower

News – GB – Anger over new cladding scheme – how it works and why it “reveals” homeowners
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Source: https://www.mirror.co.uk/news/politics/fury-new-cladding-scheme-how-23477326