Housing: Insulation

(asked on 3rd March 2021) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, whether his Department has undertaken an assessment of the potential effect of the loan scheme announced on 10 February 2021 for remediating buildings under 18 metres with dangerous cladding on the future sale of affected properties.


Answered by
Christopher Pincher Portrait
Christopher Pincher
This question was answered on 8th March 2021

On 10 February, we announced a generous finance scheme, which will provide leaseholders in buildings of 11-18m with access to finance for cladding remediation costs, and a commitment that their monthly cladding repayment costs will not exceed £50 a month.

The package of measures that we announced will not only provide greater certainty to leaseholders but also to mortgage lenders and the housing market and will help to restore the effective lending, purchasing and selling of properties.

We will publish more information on how the finance scheme will work as soon as we are in a position to do so.

Reticulating Splines