To ask the Secretary of State for Housing, Communities and Local Government, what estimate he has made of the loss in value of Help to Buy equity loans owed to the Exchequer as a result of the discovery of unsafe cladding.
This answer is the replacement for a previous holding answer.
1 May 2018
Following the Grenfell Tower tragedy we have been working urgently to identify any other buildings over 18 metres with potentially unsafe aluminium composite material (ACM) cladding. With the support of local authorities, fire and rescue services and the expert panel, MHCLG is supporting building owners to take immediate steps to ensure the safety of residents. Homes England is also reviewing the implications where homes may have been purchased with the support of Help to Buy Equity Loan.