Liam Spender Profile picture
Feb 9 5 tweets 2 min read
1/5 #leaseholdreform took a step forward yesterday afternoon.

The Leasehold Reform (Ground Rents) Act 2022 received Royal Assent (hansard.parliament.uk/lords/2022-02-…)

The Act bans monetary ground rents for new residential properties.
2/5 Ground rents have become an increasing scandal in recent years, with some finding they are trapped in unmortgageable properties.

Ground rents also entrench a system in which third party investors take control of a block of flats for a fraction of the price of one flat.
3/5 As the fire safety scandal has shown, those third party investor freeholders add nothing to residential property management.

They see residential leaseholders only as cash cows to provide an endless stream of income for them.
4/5 Congratulations to @LKPleasehold and @NLC_2019 for their tireless campaigning on this issue.

The Act is expected to come into force for new residential non-retirement properties by August 2022.

New retirement properties will be caught from 1 April 2023.
5/5 There is still more to do on service charges (particularly fixed service charges) and wider leasehold reform, including removing ground rents from existing properties.

The passing of the Act is a welcome step forward.

Much more to do.

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More from @LiamSpender

Feb 9
1/8 #buildingsafetybill More amendments were tabled last night, here: bills.parliament.uk/publications/4…

The running list is here: bills.parliament.uk/publications/4…
2/8 As with all amendments, they may or may not become part of the final Act of Parliament.

We watch the amendments to see what ideas are being proposed and how the government reacts to them.
3/8 There are 6 new amendments in 3 groups, a group of 2 amendments, a single amendment and a group of 4 amendments.

The first group would expand future Building Regulations to include "furthering the protection of property".

This aims to raise future fire safety standards.
Read 8 tweets
Feb 7
1/9 #buildingsafetybill

Further amendments have been tabled today, which you can read here: bills.parliament.uk/publications/4…

As with all amendments, they may or may not be adopted as part of the final Building Safety Act.

We still watch the amendments to see where the Bill may go.
2/9 In addition to last week's amendment suggesting that the government consult on all new buildings having staircases that meet BS-5395-1, there are 2 further amendments, one from Lord Young of Cookham and one from Lord Blencathra.
3/9 Both Lords Young and Blencathra are Conservative peers.

It is harder for the government to argue against members of its own party than with Opposition peers.

As explained below, the nature of these amendments also puts pressure on the government to improve the Bill.
Read 9 tweets
Jan 19
1/15 #BuildingSafetyBill with everything else going on today, I expect this will fall down the headlines.

Starting at roughly 2 p.m. this afternoon the Commons will conduct the Report and Third Reading stages of the Bill.
2/15 Unfortunately due to work commitments this afternoon, I won't be able to live tweet the proceedings.

Here is a thread with some details on what is happening today.
3/15 Report and Third Reading are the final stages of Commons consideration.

After today, the Bill will move on to the House of Lords where it will go through its stages there (First Reading, Second Reading, Committee, Report and Third Reading).
Read 15 tweets
Jan 10
1/17 Hello Lucy,

For what they are worth, my views on today's announcement are below.

The headline is that this is a welcome step in the right direction, but we must see the detail on delivery to be sure it will solve all cladding and non-cladding issues.
2/17 The positive development is that the focus is now squarely on building developers and material manufacturers to produce money to remediate cladding and non-cladding defects on buildings 11-18 metres tall.

Developers are being told to pay to fix all their buildings 11m+
3/17 This shift of focus, including a commitment that the government will prioritise building safety over the supply of new houses, is a big change in policy.

Previously the debate was framed in terms of taxpayer v. leaseholder.

Now it is state v. construction industry.
Read 17 tweets
Jan 8
1/7 "The largest housebuilders have spent or committed approaching £1 billion" should be taken with a pinch of salt.

Many of them have made accounting provisions. That is not the same as agreeing to pay costs, or actually paying costs.
2/7 The £1 billion figure above also may not be strictly related to cladding costs. For example, a large part of Barratt's provision appears to relate to defective concrete frames, legal costs and the costs of buying back flats.
3/7 According to Note 3.6 to Barratt's 2021 financial statements, of its total provision of £67.6 million for building safety issues, £26 million (38%) still relates to Citiscape (defective frame).

It is unclear if that £26 million is included in the £1 billion number above.
Read 7 tweets
Nov 23, 2021
1/14 FirstPort (or should that be LastPort?) making Bernie Madoff look small time. Again.

dailymail.co.uk/property/artic…

I personally stand to pay £1,358.50, which is an inflated figure to pay FirstPort's fees and because its a crap negotiator.
2/14 So far, in exchange for their £34,000-odd fee they have:

1/ Copied and pasted a specification of works prepared by a contractor.

The copy and paste job is so bad that they have copied into the document "(C) SCCI AlphaTrack Page 5"
3/14

2/ They then did not upload the specification of works to the FirstPort MyHome website, as twice promised. It took about 2 weeks to get it out of them.

3/ The Major Works team hasn't conducted a tender. They're recycling quotes obtained by the onsite staff
Read 14 tweets

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