Research by StripeHomes has revealed that at its current pace, the government would take almost 400 years to rectify the nation’s homes that are currently a danger due to unsafe cladding.
However, a highly selective process means that only a fraction of these homes will actually qualify but even still, the time it will take the government to rectify those they do deem fit still sits at a huge 103 years.
In the wake of the Grenfell tragedy in June 2017, the spotlight has been firmly fixed on the issue of unsafe cladding and the government’s monumental failure in addressing it.
Hopes were raised in July 2020, when the government announced a £5bn building safety fund to help tackle the issue.
However, those to have applied say they’ve faced a bureaucratic nightmare and of the 3,191 buildings with non-composite material cladding to have applied for the fund, just 820 have been accepted and just 12 have had this work completed.
It’s been approximately 18 months since the fund was set up and with just 12 properties rectified the government are working at a rate of fixing eight properties per year.
With 820 buildings qualifying, they should be on course to solve the national cladding scandal in 103 years.
Last week, Michael Gove announced yet another initiative to address the issue, pledging a £4bn fund for homes affected between 11 to 18m, with the nation’s big housebuilders set to foot the bill. An announcement that has been met with scepticism.
Managing Director of StripeHomes, James Forrester, commented:
“We currently have thousands of homeowners living in fear due to the unsafe cladding on their buildings, some of whom are left with no other choice but to pay considerable sums to have it rectified themselves, while others have to sit tight until the government decides to pull its finger out.
The chances are they will be waiting a while as in the 18 months since the building safety fund was announced, the government’s efforts have been woeful and so the further pledge of £4bn announced last week will bring little reassurance. As if that wasn’t bad enough, those without an EWS1 are effectively trapped in their homes unable to sell due to mortgage companies rendering their homes worthless.
It’s a dire situation and we need action, not PR spin and promises. It’s also highly unlikely that the nation’s biggest housebuilders will simply roll over and stomach yet another tax increase without a fight and so the only ones likely to benefit from Gove’s latest announcement are the legal teams representing the parties in question.”
Information on the government’s building remediation fund sourced from Gov.uk – Remediation of non-ACM buildings.
Rate of remediation sourced from Evening Standard
|Data Description||Data Point|
|Est buildings with non-composite material cladding registered with fund||3,191|
|Completed remediation work since launch of fund in July 2020 (18 months)||12|
|Number of buildings that have qualified for remediation||820|
|Rate of remediation||8 properties per year|
|Estimated to complete the remaining 3,179 registered properties||Approximately 397 years|
|Estimated to complete the qualified 820 properties||Approximately 103 years|