Welsh Leasehold Support Scheme launched to help those affected by fire safety issues

Toby Weiss

Toby Weiss

Corporate Marketing Manager at Reapit

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Welsh Leasehold Support Scheme launched to help those affected by fire safety issues

A new support scheme for those facing significant financial hardship as a result of fire safety issues launched today (27 June 2022) in Wales. The Leaseholder Support Scheme is intended to provide tailored, independent advice to leaseholders in affected homes.

It is currently targeted at leaseholders who are owner occupiers and those who have become displaced residents, but Wales’ Minister for Climate Change, Julie James, confirmed applications would be monitored and eligibility kept under review to ensure ‘those who need support most have access to the scheme’.

All leaseholders eligible for this scheme will receive advice from an Independent Financial Adviser, with the costs fully covered by the Welsh Government. The advice will support them in making the right choice for them and, if the sale of their property is the right route, the Welsh Government will enable them to sell their property at a fair market value.

Julie James, Wales’ Minister for Climate Change, said:

“Today, we are launching the Leaseholder Support Scheme which will help those who need support the most. Addressing fire safety defects in medium and high-rise buildings must go beyond cladding to make these buildings as safe as they can be. This has been our premise from the outset and, although it makes identifying, addressing, and resolving issues significantly more complex, it is the right approach.

There are no quick or easy fixes, but we cannot compromise on achieving the right, sustainable solutions. Anything less leaves the door open to the risk of further issues arising and it is important to me that, once these issues are resolved, they remain resolved. We must do this properly, to get it right now and for the future.”

Full guidance on the scheme, including the eligibility criteria, is available on the Welsh Government website.

Resources

Press Release: New support scheme launched to help those affected by fire safety issues

Guidance: Leaseholder Support Scheme

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