Discover and read the best of Twitter Threads about #forcedloans
Most recents (8)
1/7 #forcedloans Horrified to see Homes England advertising for an 18 month fixed term employee to oversee development of loans for 11-18 metre buildings (advert here: homesenglandcareers.co.uk/search/657)
2/7 #forcedloans would see innocent leaseholders pay the full cost of cladding works, plus interest. That is unjust.
If there are any non-cladding defects, then leaseholders would have to stump up the full costs AND pay these loans. Work may still not get done.
If there are any non-cladding defects, then leaseholders would have to stump up the full costs AND pay these loans. Work may still not get done.
3/7 Of course, we have only the sketchy details the government has given so far. But that limited detail suggests that #forcedloans will not work, for some or all of the reasons below.
@nbdbuk #BuildingSafetyBill we are just coming to the end of the statement on NHS Care, about 5 speakers to go.
There is then a 10 minute rule bill about pension transfers and then the Second Reading debate will start, probably just after 3.
There is then a 10 minute rule bill about pension transfers and then the Second Reading debate will start, probably just after 3.
@nbdbuk In terms of what to expect today, the Commons is being asked to agree whether the Bill proceeds to the next stage of scrutiny, known as Committee Stage.
There will be a vote on that around 7 p.m. this evening.
There will be a vote on that around 7 p.m. this evening.
@nbdbuk The Commons is also being asked to agree a programme motion setting out the timetable for the next stages of the Bill.
The Commons will send the Bill to a Public Bill Committee, which will start work in September and report back no later than 26 October.
The Commons will send the Bill to a Public Bill Committee, which will start work in September and report back no later than 26 October.
1/10 #EndOurCladdingScandal and #leaseholdreform will both feature in the House of Lords this afternoon.
At around 1 p.m. @BishopStAlbans will be asking what steps the government has taken to identify the number of leaseholders at risk of bankruptcy.
At around 1 p.m. @BishopStAlbans will be asking what steps the government has taken to identify the number of leaseholders at risk of bankruptcy.
2/10 We can expect that the answer is "none" and to hear a a repeat of the same platitudes regarding £5.1 billion of funding and its £50/month #forcedloans scheme.
The question keeps the issue high on the political agenda and is likely to be a further embarrassment for the gov't
The question keeps the issue high on the political agenda and is likely to be a further embarrassment for the gov't
3/10 At around 2.40 this afternoon the Leasehold Reform (Ground Rent) Bill will have its Second Reading.
This will last about 3 hours. The purpose of the debate is to discuss the general principles of the bill.
This will last about 3 hours. The purpose of the debate is to discuss the general principles of the bill.
1/6 Using MHCLG’s own estimates there are 8,000 >18 m buildings with cladding requiring an EWS1. Multiply that by the £2.2 million average full BSF funding per building awarded to date (£241.5m/106) gives an estimated cost of £18.23 billion. #EndOurCladdingScandal
2/6 While you’re thinking about that MHCLG, on Tuesday you estimated the Building Safety Bill will apply to 13,000 >18 metre buildings. Multiplying that by £2.27m per block gives £29.5 billion, or nearly 6 times what’s currently on offer.
3/6 Your estimate of buildings 11-18 metres with cladding requiring an EWS1 is 50,000. Assuming each costs 1/2 of a >18m building that’s £56.75 billion just on them. You may not have focussed on that because your planned #forcedloans dump that cost + interest on l-holders.
1/8 #QueensSpeech '21 is a mixed bag in terms of #EndOurCladdingScandal and for #leaseholdreform
As promised, the government has announced a bill to ban new ground rents. Commitments were made during the #FireSafetyBill debates last month to also look at forfeiture.
As promised, the government has announced a bill to ban new ground rents. Commitments were made during the #FireSafetyBill debates last month to also look at forfeiture.
2/8 Implementing the rest of the Law Commission's recent reports on #leaseholdreform is expected to wait until later.
The balance of the package outlined important reforms on cheaper lease extension, easier Right To Manage and improving commonhold.
We need all these reforms.
The balance of the package outlined important reforms on cheaper lease extension, easier Right To Manage and improving commonhold.
We need all these reforms.
3/8 As expected, the government also promises that the #BuildingSafetyBill is to be introduced this session.
We wait to see if the deeply unpopular Building Safety Charge is still included and how "high risk buildings" will actually be defined in the new law.
We wait to see if the deeply unpopular Building Safety Charge is still included and how "high risk buildings" will actually be defined in the new law.
1/15 A visceral image of fire at ACM-clad New Providence Wharf in London.
I hope everyone is alright and that the damage to people's homes is not extensive.
Some thoughts below on the govt's inevitable spin in response to this fire.
#NotJustCladding #EndOurCladdingScandal
I hope everyone is alright and that the damage to people's homes is not extensive.
Some thoughts below on the govt's inevitable spin in response to this fire.
#NotJustCladding #EndOurCladdingScandal
2/15 First and foremost, this is a failure of government. It has had nearly 4 years to identify and remedy buildings at risk.
It has failed to do so, instead preferring to push the problem onto anyone except itself and then standing idly by whilst others did the same.
It has failed to do so, instead preferring to push the problem onto anyone except itself and then standing idly by whilst others did the same.
3/15 Freeholders do not do the right thing. The freehold to this building is still owned by the developer, Ballymore.
Ballymore has not offered any meaningful contribution to the vast costs of removing cladding, instead dumping the costs on the taxpayer and its leaseholders
Ballymore has not offered any meaningful contribution to the vast costs of removing cladding, instead dumping the costs on the taxpayer and its leaseholders
@nbdbuk #FireSafetyBill: Commons is just concluding the item before the bill on the agenda. MPs are asking questions regarding the UK's aid for India to help it cope with its coronavirus outbreak.
@nbdbuk #FireSafetyBill once this item is over the House of Commons will start to consider the bill. Debate will last no more than 1 hour.
@nbdbuk #FireSafetyBill expect the government to try to knock out the amendment added by @LordRoyKennedy in the Lords last night.
Anything less than a majority of 145 for the government on that vote shows a rebellion. Key test is whether number of rebels holds up.
Anything less than a majority of 145 for the government on that vote shows a rebellion. Key test is whether number of rebels holds up.
@nbdbuk #FireSafetyBill thanks to @nbdbuk and the team of volunteers supporting the thread today.
Commons is just starting on the item before (a measure to reduce tool theft).
There's a short break after this item and then we will be on to the Fire Safety Bill, around 2.30 p.m.
Commons is just starting on the item before (a measure to reduce tool theft).
There's a short break after this item and then we will be on to the Fire Safety Bill, around 2.30 p.m.
@nbdbuk In terms of what to expect today on #FireSafetyBill government will try to knock out the @BishopStAlbans amendment added in the Lords last week.
It may offer a concession to avoid another rebellion. Last time 33 Conservatives rebelled against their party.
It may offer a concession to avoid another rebellion. Last time 33 Conservatives rebelled against their party.
@nbdbuk @BishopStAlbans The bill will then go back to the House of Lords around 4.40 this afternoon. The Lords will have 3 choices. It can either give-up, add a completely new amendment, or try a revised version of @BishopStAlbans amendment.
