© 2025 News On The Block. All rights reserved.
News on the Block is a trading name of Premier Property Media Ltd.
© 2025 News On The Block. All rights reserved.
News on the Block is a trading name of Premier Property Media Ltd.
“After the announcement earlier this week from the new Housing Secretary we now believe there is a strong possibility that we will finally be able to resolve the cladding crisis in the UK. We welcome and support the news of formal contracts being sent out to finalise a long-term solution to unsafe cladding and are encouraged by the continued work by the new Housing Secretary with a focus on improving building safety, protecting leaseholders, and making homes safe.”
“The news will resonate positively with leaseholders who occupy their own flats in tall buildings after years of uncertainty on costs and potential to move. But, for those who own individual properties in large blocks that still require costly upgrades to remove dangerous cladding, the future remains a little uncertain.
The reluctance from banks to allow buyers to borrow against these homes to cover costs, while the cladding also impacts resale value, has trapped people in properties that are no longer fit for purpose. We urge the government and the property industry to tackle this so that movers are finally released, and unsafe buildings are no longer a part of the property market.
Moreover, once fire-safety concerns are resolved, apartments with modern fittings can also expect to see an increased property value and more interest from buyers. Although at first it can be seen as an expensive investment to begin with, the long-term financial gains outweigh initial cost and can become a fantastic investment for property owners and developers. The latest announcement is fantastic news for the sector and sets an important precedent for finally resolving the cladding issue across the country.”