(3 years, 1 month ago)
Lords ChamberI call the noble Lord, Lord Haselhurst. Oh, apologies—I call the noble Baroness, Lady Pinnock.
My Lords, I remind the House of my relevant interests as in the register. If the Government are to avoid a torrent of bankruptcies by April next year, as has been predicted by Inside Housing, action must be swift. In particular, I ask the Minister about shared ownership. Somebody with shared equity of 25% is being asked to pay 100% of the remediation costs. That might be right in law, but it cannot be right in fact. What on earth are the Government going to do to safeguard shared owners?
(3 years, 3 months ago)
Lords ChamberThe noble Baroness, Lady Neville-Rolfe, is not present, so I call the noble Baroness, Lady Pinnock.
My Lords, the Minister has just said that he is considering a further levy on developers to enable leaseholders not to have to pay huge bills. One leaseholder I know has a bill of £200,000 landing on their doormat to pay now. Why are the Government so willing to protect developers’ profits while throwing leaseholders to the wolves?