A brilliant Private Eye story today – courtesy of some excellent spade work by affected leaseholders – shows that only seven of the 56 parliamentary constituencies with cladding sites are Tory held.
Meanwhile, developers and freehold owning entities have been pouring money into party coffers.
The article referenced the 2,784 buildings that have applied to the Building Safety Fund, which is two thirds over subscribed.
All leaseholders need to be alert to clauses 88 and 89 of the Building Safety Bill, which is heading back to the Commons for a rethink. Together they make liable to pay for historic defects.
This means that there is no moral hazard in building badly – something that our hugely subsidised housebuilders need little encouragement in doing, judging by the dismal reports coming in from the EWS1 surveys. 90% of them are failing.
The Eye is not wrong to draw attention in the same article to Tory donors.
Up pops James Tuttiett, of the residential freehold fund E&J Capital Partners, whose Acorn Estates donated £8,000.
Freeholder and developer Delancey (DV4), busy in the Olympic Village in Stratford east London, donated £100,000.
European Land and Property (ELP) which developed Paddington Walk with the Reuben brothers using Grenfell-style ACM, donated £200,000. Jamie Reuben, son of David Reuben, personally donated £628,000, as well as another £294,000 via Investors in Private Capital.
Even Sarah Pidgley, wife of the now deceased housebuilding legend Tony Pidgley, donated £35,000 in January this year.
But biggest of all came from Redrow founder Steve Morgan, who gave £1 million last December and another £62,500 in May via Bridgemere, which holds many of the Redrow residential freeholds.