Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Levelling Up, Housing and Communities, whether his Department has made an assessment of the potential merits of allowing people who bought a property with a Help to Buy loan which is affected by unsafe cladding to own a second home.
The Government has provided £5.1 billion to remediate residential buildings over 18 metres, and recently announced contributions from developers estimated at £5 billion to help to fix the building safety crisis.
We have extended the exceptional criteria for subletting through the Help to Buy scheme to include homes affected by unsafe cladding. Guidance can be found in the following link https://www.gov.uk/guidance/how-to-sublet-your-help-to-buy-home#when-you-may-be-allowed-to-sublet-your-entire-home.
There are no existing plans to change other aspects of the Help to Buy loan rules. However, we will keep these policies under review and recognise the unique circumstances of people affected by the cladding crisis.