Oral Answers to Questions Debate
Full Debate: Read Full DebateMartyn Day
Main Page: Martyn Day (Scottish National Party - Linlithgow and East Falkirk)Department Debates - View all Martyn Day's debates with the Ministry of Housing, Communities and Local Government
(5 years, 4 months ago)
Commons ChamberI thank my hon. Friend for her question. We have asked the Law Commission to look at making it easier, quicker and more cost-effective for people to buy their freehold or extend their lease. It is also examining the options on reducing the premium that leaseholders must pay to do that. We look forward to its recommendations in the early part of next year.
We believe that the £200 million, which was an exceptional sum, based on the extreme risk that this ACM cladding has, is sufficient to provide the necessary support to make the necessary remediation, the reason being that commitments are already in place from a number of private sector developers and builders, as well as other insurers, to see that that work is undertaken. It is on that basis that that sum has been ring-fenced.