Cladding Costs Will Be Developer’s Problem, Says Jenrick

Housing Secretary Robert Jenrick appeared on the Andrew Marr TV show earlier today and pledged that new homes would carry a 15 year guarantee on workmanship. This could put the cost of removing cladding on recently built hi-rise apartments onto the developers, not the insurers. However many developers will simply go bust to void the new extended guarantees, which is a well known tactic in the double-glazing sector.

Jenrick said that;

“We’re going to change the law retrospectively to give every home-owner 15 years in which to take action against the people who built their building if there’s shoddy workmanship.”

Fine words, but under current company law, utterly worthless, as everyone who has tried to recoup debts from a bankrupt company knows only to well.

The problem then remains the same; highly flammable cladding was applied to high rise apartments and everyone signed off on those materials as being 100% safe; councils, government standards departments, developers, insurers and mortgage lenders. Expect the saga to continue for some years yet.

About alastair walker 7450 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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