Owners at a block of flats in Thamesmead are facing a £13 million charge to make flammable cladding safe.
Royal Artillery Quay was built in 2003 by Barratt Homes and features a series of towers alongside the Thames. A Section 20 notice was recently issued which places costs onto owners to rectify issues.
Owners are already paying high annual service charges – around £6,000 – for wardens to patrol for any fires that break out.
One resident, Stephen Day, stated: “As a result, myself and other residents are living with the very real threat of having to pay more than £35,000 each to fix our buildings. We simply do not have this sort of money”.
Barratt Homes have started to engage in recent days though residents are not convinced. Barratt stated:
“Hi, we appreciate this is a stressful situation for you all so we just wanted to reiterate that our offer of financial support remains in place and has never been withheld. You should keep talking to your managing agent, but we hope this helps reassure you in the meantime.”
In response residents stated that Barrett had agreed to cover all £1.6 million compartmentation costs but are now offering just £585,000.
Barratt have agreed to cover costs on some other sites, where studies on cladding also revealed significant structural flaws. A block in Croydon was found to have “significant issues relating to the design of the building’s reinforced concrete frame, requiring extensive remedial work”.
There is no indication of that in Thamesmead.
The company’s results for 2019 showed a profit of £423m. It has called for more taxpayer support via Help to Buy which has substantially boosted margins and profits for developers.