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Flood Re reforms will reshape premiums and reward resilient homes
Changes will include cheaper contents cover for some households, Flood Performance Certificates, premium discounts for resilient properties, and a revised approach to claims. The Scheme has helped more than 742,000 households access flood insurance since its launch in 2016, but rising claims, higher reinsurance costs, and the growing number of properties identified as being at risk have put it under increased pressure.
King’s Speech signals more policy changes across the housing sector
The UK Government has set out further reforms across housing, communities, and local government. Proposals affect leasehold, building safety, social housing, local authority standards, and tourism levies, all of which could impact local housing markets and influence the way councils, owners, agents and residents interact.
£62m fire alarm fund will cut costs for leaseholders and help keep people safe
The Interim Measures Alarm Fund (IMAF) is designed to improve resident safety while reducing the financial burden on leaseholders in buildings awaiting remediation. The fund marks a continuation—and expansion—of efforts to address building safety following the Grenfell Tower tragedy, while also aligning with long-standing industry calls, including Propertymark’s campaigning, for practical and cost-effective interim safety solutions.
Faulty insulation has left households financially exposed
A House of Commons Public Accounts Committee report states that the UK Government’s energy efficiency installation initiative has suffered serious failings at every level, leaving more than 30,000 homes with defects after external and internal wall insulation was installed through ECO4 and the Great British Insulation Scheme.