House-builders Barratts have agreed to pay the £2million bill to replace the unsafe Grenfell-style cladding on the Citiscape development in central Croydon.
The move, announced last night, was immediately claimed as some sort of victory by the Tory Government, who had so far sat on their hands and refused to intercede in the matter, which potentially wiped tens of thousands of pounds from the value of the leaseholders’ homes, exposing them to financial ruin as they faced massive repair bills following a tribunal ruling last month.
It might just be coincidence, but Barratts’ sudden outbreak of altruism towards the Croydon residents came a couple of days after news of a potential High Court class action, brought by the owners and leaseholders against the developers and builders who have installed the unsafe, flammable cladding around the buildings. Such an action had the possibility of being extended to all 306 affected tower blocks in the country. Continue reading