To ask the Secretary of State for Housing, Communities and Local Government, how his Department plans to ensure that loans taken out by leaseholders living in block affected by cladding-related issues are capped at £50 per month for repayments.
25 March 2021
The Government will fund the removal and placement of unsafe cladding on buildings over 18 metres. In buildings of 11-18 metres, with a lower risk to safety, leaseholders will gain new protection from the costs of cladding removal through a financing scheme so that leaseholders will never pay more than £50 a month. We will be publishing further details of the financing scheme.