Redrow agrees to fund remediation at Celestia

Redrow has written to the volunteer directors of the Celestia complex in Cardiff, finally offering to undertake remediation works there at its own expense. The estimated date for work to begin is “early 2025” – approaching two years since the Welsh Government confirmed that Redrow had signed the Deed of Bilateral Contract.

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Our meeting with the Building Societies Association

In January, we met with the Building Societies Association (BSA), to highlight the continuing difficulties that leaseholders affected by the building safety scandal are having with remortgaging and selling their homes.

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Half of High-Rise Mortgage Valuations Still Require an EWS1 Despite Industry Pledge

In an attempt to revive the flatlining market for flats affected by cladding and other building safety defects, major mortgage lenders pledged in December 2022 that they would lend without an EWS1 form being required under certain conditions. However, the latest government data shows no improvement on this measure since reporting began three years ago. 

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Our statement on the LUHC Select Committee Report on Shared Ownership

We welcome the Select Committee’s report into shared ownership affordability. We agree fully with the Committee’s conclusion that shared ownership products can often become unaffordable over time as shared owners have to pay for 100% of repairs and maintenance costs despite only owning a proportion of the property. Clearly, this is unfair.

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Our report from Crest Nicholson’s 2024 AGM

On 19th March 2024, we attended Crest Nicholson’s Annual General Meeting (AGM) at their offices in Surrey, to ask the board of directors about their progress remediating unsafe buildings. We attended as ShareAction’s shareholder representative and would like to thank them for their ongoing support for our campaign.

Unfortunately, the encounter did not leave us assured that Crest Nicholson are acting with urgency to fix buildings, or that the company understands the enormous impact on leaseholders and residents living in their unsafe homes. 

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