Landlords should realise property is a risk and pay cladding costs

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Landlords should realise property is a risk and pay cladding costs – Star Letter 11/03/2022

Written By:

Samantha Downes

Posted:

March 11, 2022

Updated:

March 16, 2022

Each week Mortgage Solutions and its sister title Specialist Lending Solutions pick the top comments from our readers.

This week’s comment came in response to the Levelling Up, Housing and Communities committee calling on the government to reimburse costs already paid to leaseholders to remediate cladding and include buy-to-let landlords in exemptions.

Colin Cloy said: “Landlords should of course pay for the cladding cost. They cannot expect the taxpayer to subsidise the profit they make on selling the property as they have enjoyed a good level of rental income over many years.

“Also individuals should realise that buying a property is a risk as they do not automatically rise in value just like any other asset.”