This is an excellent YouTube video by the Centre for the Study of Financial Innovation, which gives an accurate and authoritative overview of the cladding crisis now (Feb 4 2021) and the Leasehold Knowledge Partnership’s fair and considered potential solution to it.
There is a desperate need for a minister to take ownership of this issue and sort it.
The LKP funding proposal was produced by LKP trustee Dean Buckner, with Liam Spender and Lucy Cortes-Brown.
The chair here is Anthony Hilton, who lives in a site with a £10m cladding bill for 200 London flats; 600% hike in insurance to £870,000pa; developer gone bust.
Feeble government ministers bankrupted Hayley Tillotson, and will do the same to thousands more …
My name is Ia Hunter.
I signed up for this evening!s email on Monday morning but have not head back with Zoom details. I do hope you have received my response.
I am a leaseholder and hair if the residents association in Point West which is almost certainly the largest apartment bloc in Kensington and has a cladding problem and arguably the worst landlord in London.
I am very keen to attend.
Hi,
I live in a flat in a block of 60 flats owned by a private freeholder. We have that sort of lease where the leaseholders are responsible for the upkeep of the building. it has failed its fire inspection on many fronts and I can’t understand why the freeholder doesn’t have to upgrade the fire precautions.
Also we had to pay £34K to extend our lease for 90 years. I don’t understand why it is only that and not 999 years especially after we paid the going rate for the 2 bed flat 10 years ago – about £200K. it had a short lease and of course we knew that but people had paid £12K a the time – but of course we learnt that as the lease length decreases then the cost of renewing goes up – I really don’t understand that at all. but we went ahead and did it. The freeholder contacted me asking if we could extend it the following year as he had enough coming in for tax or something that particular year!
I did contact our MP for Clacton and Frinton, Tendring area. We don’t have cladding like Grenfell but have had polystyrene balls pumped in the walls that must be flammable.
I would like the law changed that freeholders who make money out of selling the leases should be responsible for the health and safety of the general building. There are no public or semi-public fire alarms on each floor, no sprinkler system and most flats have the original 1960 door on them that although they would have been fire doors in 1960 would not comply now. We changed ours to a modern day fire door. The front door does not have a fire return on it wither.
Anyway, I wanted to add to the debate in just bringing up that non cladded flats still have the short leases that are extortionate to extend and are still responsible for repairs to the whole building.