Fire Safety: Leaseholder Bankruptcies Debate
Full Debate: Read Full DebateDepartment: Department for Levelling Up, Housing & Communities
Lord Moynihan
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Fire Safety: Leaseholder Bankruptcies
Lord Moynihan Excerpts(2 years, 11 months ago)
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Lord Greenhalgh (Con)
My Lords, I accept that leaseholders are victims and recognise the need to strengthen redress so that we can go after the people responsible for the shoddy workmanship. That is something we will bring through as we announce the building safety Bill shortly.
Lord Moynihan (Con)
My Lords, I would be grateful if my noble friend could update the House on any progress the Government have made to ensure that developers contribute to building safety remediation costs.
Lord Greenhalgh (Con)
My noble friend is right. We believe that developers should contribute and make buildings safe without passing the costs on to leaseholders. There have been a variety of announcements by developers: Bellway has announced a cladding removal fund of £46.8 million, Persimmon one of £75 million and Taylor Wimpey has pledged £125 million. The Government have also announced a gateway levy on high-rises, as well as a developer tax that will raise £2 billion over 10 years.