Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, what steps he is taking to support leaseholders who have been affected by remedial fire safety works to help cover rising insurance costs for their homes.

I urgently want to relieve the financial pressures facing leaseholders due to unfair and unwarranted insurance premiums.
I have called on the FCA and the CMA to conduct a review of the buildings insurance market to get to the bottom of concerning year-on-year price increases, and the restricted cover on offer to leaseholders. The FCA is currently collecting data on market conditions to inform their review. By better understanding the root and scale of this issue in a thorough review, the Government can seek ways to ensure leaseholders get the value for money they deserve. The review is part of a wider raft of measures to protect innocent leaseholders from the impact of building safety issues.