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  • Immediate thoughts.

    Injuries / deaths by residential fires. Number historically declines over time because net, everything has become on average safer.

    So I think this is primarily an insurance problem. I think that only in extreme cases will remedial works be required.

    I suspect this is something the Tories could resolve. It's going to take time though.

  • It's definitely an insurance problem, one of the big catalysts at the moment is surveyors are being told their PI insurance won't cover them when signing off EWS1 forms.

    But it's also a valuation problem. The average block is going to drop in value by x% because at some point leaseholders are going to be hit with a bill for remediation works, and whomever is the leaseholder at the time will be left holding the can.

    This could paralyse the bottom rung of the housing market.

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