The first comprehensive solution in the UK
The Welsh Government commitment to funding remediation applies to all residential buildings of 11 metres or over in height and is not restricted to buildings with cladding.
It is hoped that the updated RICS guidance will reduce friction and delay for home buyers, sellers, and leaseholders wishing to re-mortgage their homes, by helping valuers and lenders in their decision making.
Legal help for property owners
Climate Change Minister Julie James stated that the Welsh Government would make independent legal advice available for leaseholders and that more details will follow in early 2024.
Tighter controls on supervision
From April 2024, the Welsh Government will restrict the oversight of new high-risk buildings to local authority building control, introducing a new class system for registered building inspectors.
This is to make sure only individuals who have the relevant skills, knowledge, and experience necessary are advising decision-makers.
Privately-owned buildings where the developer is unknown or has ceased trading will get continued support from the Orphan Building Scheme. The Welsh Government has identified an initial cohort of 31 buildings, with 131 expected to benefit from the fund in total.