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Government pledges extra £3.5bn for cladding crisis – but many leaseholders 'betrayed'


There will be particular provision to protect shared ownership leaseholders, he added.
The plan follows an investigation into the 2017 Grenfell fire that killed 72 people as a result of flammable cladding.
Thangam Debbonaire, shadow housing secretary, said: The Government has betrayed their promise that leaseholders wouldn’t pay for the building safety crisis.
In Parliament, Mr Jenrick said:  No doubt there will be leaseholders watching today that would like us to go even further. [But] English property laws are based on cavaet emptor – buyer beware.
According to the New Build Database, a record of homeowner issues, as many as 4.6 million homeowners are trapped by lender requirements for external wall safety forms. Without an EWS1, lenders are valuing flats at zero, but many homeowners face huge delays getting the forms completed. This is having a big effect on the property market, with potentially millions of flats unable to be sold. ....

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