Michael Gove proposals: Leaseholders will be paying for property fixes!
The new policy introduced by Michael Gove could result in leaseholders being liable to pay upto £15,000, if the building owners cannot afford to pay. This is following the cladding crisis and it suggests that if property developers and manufacturers do not repair this cladding safety issue they could be removed from the housing market. It is a big push from Gove to ensure that those found guilty of misconduct, in terms of property regulations, would also have to contribute financially to the problems they have caused.
Do you believe this Bill will be a successful attempt to fixing cladding safety?