Funding options limited for removal of unsafe cladding
In the wake of the Grenfell Tower fire of June 2017, which killed 72 people, the issue of unsafe building cladding has become a national scandal. As part of the wider fallout, leaseholders in blocks of flats with cladding deemed unsafe have found themselves hit with hefty bills to remove the cladding and make their building secure. They have also faced escalating service charges to cover the cost of things like additional onsite security and fire watches for buildings deemed unsafe. So, who is ultimately responsible for footing the cost of these remediation works, and what are the funding options available to building owners and leaseholders?
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