Home Builders Federation proposal to remediate cladding costs

The Home Builders Federation (HBF) has written to the government outlining proposals to help fund remediation of the cladding issues. In the letter to housing secretary Michael Gove, the HBF chair Stewart Baseley offers to fund remediation on buildings that date back to 2000 and are over 11m in height. It is thought that as the deal applies only to buildings developed by the housebuilders that the funds are likely to fall short of the £4bn estimated by the government. Stewart Basely added that “Only with ongoing support from government and a clear commitment to work with the industry in its broadest sense, including surveyors, building owners, lenders, insurers and product manufactures over the coming weeks can we turn our proposal into a fully practical solution for leaseholders.” A housing ministry spokesman commented that “Developers have not yet gone far enough….We have been clear that if they do not, we will impose a solution.”
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