UK councils face struggle to recoup private-sector cladding costs

Ministers expect local councils in the UK to try to recoup the multimillion-pound cost of recladding dangerous private-sector buildings from freeholders, despite warnings that offshore funds that buy up freeholds are unlikely to pay.

Martin Boyd, a trustee at the Leasehold Knowledge Partnership, a campaign group, said the move would leave councils struggling to recover costs from the freeholder, who “is often little more than a piece of paper sitting in a drawer somewhere in an offshore office in Jersey”.

James Brokenshire, communities secretary, said last week the government was banning combustible materials on new high-rise homes and would support local authorities to carry out emergency safety work on more than 100 private-sector high-rise blocks currently covered with unsafe cladding.

Click here for the full FT article (£)