UK Finance and BSA comments on MHCLG announcement of the new Waking Watch Relief Fund
It’s important that the cost of remediation works does not fall on leaseholders who bought their homes in good faith and the government’s confirmation today that the building industry must contribute towards these costs brings much-needed clarity and relief to homeowners.
“The additional funding for fire alarms and the extension of the Building Safety Fund deadline announced by the government today will provide welcome support for those affected by issues relating to fire safety, however, there is still more to be done.
"Borrowers and lenders have a common interest in ensuring that fire safety concerns are resolved and properties can be valued accurately.
"However, it’s important that the cost of remediation works does not fall on leaseholders who bought their homes in good faith and the government’s confirmation today that the building industry must contribute towards these costs brings much-needed clarity and relief to homeowners.
"The industry will continue to work with the Government, RICS and others to find the best solutions for those affected.”
