I welcomed the developer pledge as I have always been clear that leaseholders should not have to pay towards fixing a problem that was not their fault. I have been pushing for this since 2020 when I proposed a developer levy. Details of how the developer pledge will work in practice are being finalised by government but I will be lobbying to ensure leaseholders interests are put first.
As you know, in addition to the commitment from developers, government has set up three funds to cover the cost of the replacement of unsafe cladding systems on residential buildings over 18 metres In addition, government has also announced the launch of an 11 -18 metre cladding remediation fund. In all cases, the responsible entity of in-scope buildings - which can be a head leaseholder, RTM or management company - must apply for funding so an absent freeholder does not necessarily delay the remediation of unsafe buildings.