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1/4 The government is trying to justify #forcedloans because they say it create space to enable those responsible to be “pursued” via legal action. In most buildings more than 6 years old there are unlikely to be any legal options open (see https://bit.ly/2N2OLcy )
2/4 Even where legal action is possible, those involved are shielded from full consequences because the law prevents recovering losses measured only in money (such as waking watch costs).
3/4 A further issue is that even where claims can be made, leaseholders are going to have to stump up the substantial legal costs (which may be as high as remediation costs) to pursue any claims. Nothing is being done to make taking legal action easier.
4/4 The “pursue” part of the loans model for <18m buildings is a fig leaf. Leaseholders will end up paying the full cost of others’ wrongdoing, plus interest @ukcag @LKPleasehold @MilesDilworth @rachaelvenables #WeWontTakeLoans #BuildingSafetyCrisisUK
