Building and Fire Safety: Leaseholders

Lord Newby Excerpts

Monday 14th March 2022 Lords Chamber

[Lord Greenhalgh (Con)]

I thank the right reverend Prelate, who has also been a consistent campaigner. As a Government we are very much aware of the impact this has on, say, pensioners, where property is their primary pension asset and the annuity from those properties effectively pays for their pensions. As I say, I ask the right reverend Prelate please to wait until we bring forward further amendments on Report, but we are very alive to this issue.

[Lord Newby (LD)]

My Lords, the Minister reminds us that the Government propose that leaseholders should pay no more than £15,000—in London. Does he accept that, if you live in London and are facing very heavy costs, including rapidly rising energy bills, for many people who will be faced with a bill of £15,000, that is not nothing or little—it is a crippling amount? Does he accept that limiting it to £15,000 does not relieve the pressure on many people who simply cannot afford £15,000?

[Lord Greenhalgh (Con)]

My Lords, there is no doubt that £15,000, paid over five years, is a substantial sum, but the reality is that some poor leaseholders who are victims have paid far more than that on interim measures before a single bit of remediation has been done. Having a cap on leaseholder costs ensures that they are no longer fleeced through Section 20 notices to pay for mistakes for which they are not responsible. That is what that protection achieved and, through regulation, we can broaden the impact to protect those with the very narrowest of shoulders.