Leaseholders and Cladding: Greenwich and Woolwich

Opened the debate

The debate addresses the cladding crisis affecting leaseholders, especially those in Greenwich and Woolwich. The MP highlighted that over 20 privately owned buildings in his constituency are affected by aluminium composite material (ACM) cladding or other combustible materials. He discussed issues such as public funding for remediation, building insurance challenges, mortgage problems, and the liability issue. The speech emphasised the need for changes to the Building Safety Fund deadlines, an increase in fund size, revision of eligibility criteria for buildings below 18 metres, assistance with buildings insurance costs, and clear guidance on mortgage lending restrictions.

Government Response

The Minister acknowledged the significant impact of the cladding crisis and emphasised the Government's commitment to ensuring resident safety. He highlighted that £1.6 billion has been set aside for remediation efforts, with an additional £1 billion allocated specifically for non-ACM cladding in both social and private residential sectors. The Minister stated that developers and building owners are expected to cover remediation costs where possible, without passing them onto leaseholders. He also mentioned the introduction of the Building Safety Fund and a draft Building Safety Bill aimed at preventing future safety defects and ensuring residents' voices are heard. Additionally, he addressed concerns over EWS1 forms for buildings under 18 metres and committed to working with financial services to find more nuanced solutions.