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Many homeowners say they now face financial ruin and warn that the decision to make them pay places lives at risk. Labour estimates the crisis has left 1.3m flats unmortgageable, and the crisis is so widespread, the Bank of England has been examining lenders’ exposure to blocks that have fire safety concerns to determine whether the building safety crisis affects their stability. It currently thinks banks can absorb the risk. Thousands of blocks of flats were found to have serious fire defects after the Grenfell fire on 14 June 2017, including having similar cladding, but also missing fire breaks in wall cavities and combustible balconies. Many developers have been refusing to pay to fix the faults, leaving residents facing bills running into the tens of thousands each and additional running costs for fire wardens to patrol buildings. Living with the fear of financial ruin and of fire has caused a mental health crisis among many.

United kingdomChristopher pincherBoris johnsonCladding scandalJake maarschalkerweerd de klotzஒன்றுபட்டது கிஂக்டம்கிறிஸ்டோபர் பிஞ்சர்போரிஸ் ஜான்சன்உறைப்பூச்சு ஊழல்