To ask Her Majesty's Government what assistance they are providing to those living in residential blocks with prohibited aluminium composite material cladding who wish to sell their property.
22 July 2020
The Government has committed £1.6 billion to fund the remediation of high rise residential buildings with unsafe cladding. This includes the removal of aluminium composite material (ACM). In these cases the work is guaranteed and leaseholders are protected from costs.
In cases where there is a costed plan, a timetable to deliver and mitigating measures in place in the meantime, there should be little barrier to mortgage valuations and lending.