Leasehold: Building and Fire Safety Debate
Full Debate: Read Full DebateLord Young of Cookham
Main Page: Lord Young of Cookham (Conservative - Life peer)Department Debates - View all Lord Young of Cookham's debates with the Ministry of Housing, Communities and Local Government
(3 years, 2 months ago)
Lords ChamberMy Lords, we recognise that if you buy a defective dwelling you expect the person responsible for the building of it to do something about it. That is precisely why the Government, as part of the Building Safety Bill, are proposing to increase the Defective Premises Act redress period from six years to 15 years retrospectively, which will bring in a great number of buildings to be able to seek redress from developers. That is why we continue to work on measures that will ensure that the polluter does pay wherever possible, and we are looking very closely at proposals from Steve Day and his team around the polluter pays amendments.
My Lords, the Government have provided substantial support to deal with the cladding crisis, which I welcome, but that support, together with the new tax on high-rise development the Minister mentioned, will be inadequate to avoid hardship and inequity for many innocent leaseholders. Further to what the right reverend Prelate just said, would it not be fair to bridge the gap by a levy on developers that built and sold these substandard homes?
My noble friend is right, which is why we are looking at a new levy and a developer tax to ensure that the industry contributes. At this stage we are in consultation. We need to ensure that it is set at a level that raises substantial funds precisely for that purpose.