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Low or interest free loans for leaseholders affected by cladding regs and EWS1.

Submitted by Alan Taylor on Sunday 6th September 2020

Published on Monday 5th October 2020

Current status: Closed

Closed: Monday 5th April 2021

Signatures: 91

Relevant Departments

Tagged with

cladding ~ Covid ~ Covid-19 ~ Economy ~ Enable ~ Grenfell ~ HMRC ~ housing market ~ INCREASE ~ Loan ~ Millions ~ Range ~ Rishi ~ Rishi Sunak ~ Scheme ~ Stamp duty ~ Sunak ~ Tax ~ Tragedy ~ Wide

Petition Action

Low or interest free loans for leaseholders affected by cladding regs and EWS1.

Petition Details

To enable leaseholders to make their homes safe the government should offer a similar “up scaled” loan package as the Covid 19 bounce back loan scheme. Rapid introduction will reduce the risk of another Grenfell tragedy and avoid families being indefinitely financially drained by Waking Watch costs.

Additional Information

Rishi Sunak announced a Stamp Duty (SD) holiday for 9 months to stimulate the housing market. Needing an EWS1 left many unfairly excluded from this benefit. HMRC would expect circa £4bn per annum income from SD. If this tax was collected and placed within the Building Safety Fund to underwrite loans and grants for cladding works the safety of millions of people would be secured. This would also stimulate many industries, a wide range of jobs and increase income to the HMRC and wider economy.


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