You are here: Home - Mortgages -

Majority of applications for government cladding removal fund rejected

Written by: Owain Thomas
Just 65 buildings have had their application for funding to remove dangerous cladding approved by the government so far.

More than 2,700 applications have been received so far for the £1bn Building Safety Fund launched in July which will be used to remove unsafe non-aluminium composite material (non-ACM) cladding from buildings more than 18 metres high.

But by 25 September just 138 decisions had been made by the Ministry of Housing, Communities and Local Government (MHCLG), according to its first set of data.

Fewer than half of these have been accepted for funding by the department, with 73 being rejected and withdrawn.

The vast number of applications received since the fund opened on 31 July illustrates the scale of the issue facing the nation from tower blocks with potentially unsafe cladding.

A separate fund has also been established for removing unsafe ACM cladding which was the type involved in the Grenfell Tower tragedy.

Majority of assessments declined

In total 2,784 applications were received but 1,709 did not have the basic information to assess if they were eligible, 628 provided some but not enough information to assess eligibility, while 447 are being assessed.

“The eligibility of buildings is assessed against if they have unsafe cladding, the height of the building and if leaseholders are present in the building,” the MHCLG data noted.

“The department does not intend to publish a building by building list of decisions and their rationale.

“These are communicated to registrants who we expect will ensure that their residents are kept fully informed.”

Safety certificates blocking movers

The issue of cladding and other fire risk materials has severely impacted people trying to buy and sell properties in high rise buildings.

With limited numbers of registered fire safety assessors available to assess buildings, it is estimated thousands of people have been stuck in their properties unable to move until they get a safety certificate which can be accepted by lenders.

In the March 2020 budget, the government announced it will provide £1bn in 2020 to 2021 to support the remediation of unsafe non-ACM cladding system on residential buildings 18 metres and over in both the private and social housing sectors.

In 2019 it released around £200m to remove and replace unsafe aluminium composite material cladding from around 170 privately owned high-rise buildings after private building owners failed to take action and tried to offload costs onto leaseholders.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Unfamiliar banks woo savers with top rates…is your money safe?

If you’ve been keeping an eye on the savings best buy tables, you’ll have noticed some unfamiliar names lu...

What the base rate rise means for you

The Bank of England has raised the base rate by 0.25% to 0.5% – following on from the increase from 0.1% to ...

How to get help with your energy bills

The rise in the energy price cap from April will mean millions of households will pay hundreds of pounds a yea...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week