The
consultation by the Construction Industry Training Board (CITB) on its proposed levy for the period from 2022 to 2025 has now closed. The CITB is finalising its levy proposals before opening a period of consensus from 4 June 2021 to 15 August 2021 during which construction businesses will be able to comment. The
CITB levy applies to all employers engaged wholly or mainly in construction industry activities and is used by the CITB to ensure that construction employers have the skilled workforce they need. Levy rates have been temporarily reduced to reflect financial hardship caused by the COVID-19 pandemic.
Off-payroll working
HMRC s
changes to the off-payroll working rules (IR35) came into force on 6 April 2021 following an announcement in February 2021 that the rules would apply only to payments made for services provided on or after 6 April 2021. The changes confirm: where a worker has no interest in a company, the company will not be a relevant intermediary (which wa
Live: The Royal Institute of Chartered Surveyors (RICS) implemented new cladding guidance on 5 April which clarified what types of properties will, and will not, require additional inspections due to concerns about fire safety.
It is currently estimated that there are two million mortgage prisoners in the UK as a result of the cladding crisis, in addition to 600,000 people currently living in high-rise buildings with dangerous cladding.
According to the latest government statistics, just 53% of high-rise buildings known to have highly flammable aluminium composite material (ACM) cladding have completed remediation.
ACM cladding was the type of cladding responsible for the Grenfell Tower disaster in June 2017.
Lloyds lent on more flats in 2020 than in 2019 despite ongoing cladding crisis mortgageintroducer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageintroducer.com Daily Mail and Mail on Sunday newspapers.
Residents living in fear of bankruptcy and fire ‘disappointed’ with new funding
Updated: 10/02/2021, 2:45 pm
Rebecca Ashwin and Jack Sandrey (Handout/PA)
Residents of buildings facing “huge” costs to fix cladding and safety issues and living in fear of bankruptcy and fire outbreaks have described new Government support measures as “disappointing”.
Labour has previously claimed up to 11 million people are at risk from life-changing costs and unsellable properties amid the UK’s cladding crisis.
On Wednesday, Housing Secretary Robert Jenrick announced a further £3.5 billion to help end the “cladding scandal”.
Residents have said they feel “trapped” and that homes are “worthless” as structural issues on buildings across the country remain unresolved in the wake of the Grenfell Tower fire in 2017.
Cladding victims face 40pc loss as they re forced to sell homes for cash
Residents must either sell up to cash buyers or wait years for repairs
Campaigners say they are effectively trapped in their homes
Residents in flats with dangerous cladding must wait years for problems to be resolved or face selling their properties at huge losses to cash buyers.
The cladding crisis has swept through the property market and left tens of thousands of homeowners unable to sell their properties, as they do not have certification that proves their buildings are safe. Without this proof, banks will not offer mortgages, blocking the vast majority of would-be buyers from purchasing.