Leaseholders in the UK may not be immune against incurred costs

Leaseholders in the UK may not be immune against incurred costs

OSHA association in the UK reacts to Fire Safety Act

The Fire Safety Act was passed into law in late April. The Occupational Safety and Health Association provides its view on the legislation.

Four years on from the Grenfell Tower tragedy, there are many thousands of people still living in high rise residential buildings with clad inflammable materials.

The OSHAssociation fights for leaseholders to be protected from all remediate costs that have arisen through no fault of their own.

The Government’s Fire Safety Bill, aimed at making homes safer, was passed on 29 April without further amendment or more financial protections for leaseholders. It means leaseholders in high rise buildings over 18 metres (six storeys or more) will not have to pay for removal of clads, while leaseholders/ tenants in high rise buildings of 11-18 metres (four to six storeys) will have to pay up to £50/month towards a loan scheme for the cost of removal. This means that leaseholders are trapped in homes they cannot sell because lenders will not offer mortgages until the cladding is removed.

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