The new draft Building Safety Bill has been a long time coming. But we hope it will be a major step forward in improving levels of safety in residential blocks. The new legislation is based on the recommendations of Dame Judith Hackitts building safety review, which was carried out in the wake of the Grenfell Tower fire in June 2017. The Government accepted the review?s recommendations in full and today?s draft Bill, which sits alongside the Fire Safety Bill published in March, sets out how they will be taken forward.
For leaseholders, the proposals will mean big changes to the way safety in your block is managed and regulated.
We welcome the new Bill and we are also pleased to hear the Government?s stated commitment today ?to making sure that leaseholders won?t pay unaffordable costs for historic repairs to their buildings?. The Government says it will continue to engage with stakeholders, including leaseholders, on this issue while the draft Bill is being scrutinised by Parliament. It has also committed to ?speeding up work with the finance and insurance industries, to protect leaseholders from unaffordable costs of fixing historic defects, but without relying on taxpayers? money?. And recently raised insurance issues around building safety will also be tackled.
This is all good news. Let?s now hope the government can deliver all it is promising without delay. It has been three years since Grenfell. Leaseholders in blocks around the country badly need action ? they can?t afford to wait any longer.
You can read the new Building Safety Bill in full on the Government website here.
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Mary-Anne Bowring FIRPM FRICS FARLA FCABE Founder/Head of Asset Management
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Ian Barber MD BTR Mobilisation & Leasing
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