NEW: Ahead of Jenrick's announcement later today, Inside Housing has polled 1,300 affected leaseholders about the impact of the cladding crisis. The picture is bleak:
- One in six actively exploring bankruptcy
- 62.5% face costs greater than £30,000 https://www.insidehousing.co.uk/news/one-in-six-cladding-leaseholders-exploring-bankruptcy-options-survey-reveals-69475
- One in six actively exploring bankruptcy
- 62.5% face costs greater than £30,000 https://www.insidehousing.co.uk/news/one-in-six-cladding-leaseholders-exploring-bankruptcy-options-survey-reveals-69475
- Majority of those impacted (56.4%) are first time buyers
- Age is younger than you might expect for homeowners, 30.6% are 18-35 and 33.6% 35-50
- But this is a cross generational crisis: 18% are retired https://www.insidehousing.co.uk/insight/69476
- Age is younger than you might expect for homeowners, 30.6% are 18-35 and 33.6% 35-50
- But this is a cross generational crisis: 18% are retired https://www.insidehousing.co.uk/insight/69476
- The majority are on middle incomes, 34.3% have a household income less than £35,000 and 59.5% earn less than £50,000
- Most flats are average not luxury: 57.2% had pre-crisis value of less than £250k https://www.insidehousing.co.uk/insight/what-does-inside-housings-survey-of-leaseholders-impacted-by-the-cladding-crisis-show-69476
- Most flats are average not luxury: 57.2% had pre-crisis value of less than £250k https://www.insidehousing.co.uk/insight/what-does-inside-housings-survey-of-leaseholders-impacted-by-the-cladding-crisis-show-69476
- While almost 90% are being asked to remove dangerous cladding, problems extend much further (v significant for announcement later). 68.3% require repairs to defective fire breaks; 59.3% require the removal of balconies; 53.6% require repairs to internal compartmentation
- Costs are spiralling. 62.5% face a total bill of above £30,000 and alarmingly more than 15% think their bill will exceed £100,000.
- 41.7% have already been served a Section 20 notice and 17.2% have begun exploring bankruptcy
https://www.insidehousing.co.uk/insight/what-does-inside-housings-survey-of-leaseholders-impacted-by-the-cladding-crisis-show-69476
- 41.7% have already been served a Section 20 notice and 17.2% have begun exploring bankruptcy
https://www.insidehousing.co.uk/insight/what-does-inside-housings-survey-of-leaseholders-impacted-by-the-cladding-crisis-show-69476
And here's a potential clincher in Westminster (sadly): the party political affiliation is pretty even. Almost exactly the same number of Tory and Labour voters in the 2019 election impacted. But 82.7% say the cladding crisis will influence who they vote for next time
This survey shared with LBC and due to be discussed imminently with @NickFerrariLBC and @rachaelvenables
Survey was circulated by @EOCS_Official members over the last week in closed social media channels for affected leaseholders. Includes responses from 51 local authorities across the entire UK