The G15 response on consumer credit for building safety work costs
- 26 January 2021
In response to recent press and social media coverage, the G15 has the following response regarding leaseholders being offered consumer credit for building safety remedial costs.
"There are systemic national issues that have caused problems of building safety and we don’t believe that residents should be paying the price for putting them right. We will exhaust all possible avenues to recover funding by vigorously pursuing any organisation with potential liability for failings – this will protect the public purse, our charitable funds and leaseholders.
Failing that, and in the absence of government funding, G15 members will have no choice but to consider recovery from leaseholders – in line with legal obligations in their lease. There is only a limited amount of support available from government, and for buildings below 18 metres there is no support at all. In order to make such payments more manageable for leaseholders, different members will explore various options – including the use of credit arrangements. However, this is a matter for each individual organisation."
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