Mortgage News Daily – Cladding ban would lead to ‘mortgage crisis’ | Scotland
Banning combustible cladding from buildings will not necessarily save lives but would fuel a “mortgage lending crisis”, the Scottish government claims.
In a series of emails sent as part of a safety review drawn up after the Grenfell Tower fire, officials warned of the “unintended consequences” of such a cladding ban, including the potential for legal action.
Ministers were told that “any ban on combustible cladding materials through amendments to building or fire safety legislation is likely to exacerbate the mortgage lending crisis and a full public consultation exercise would be required in order to avoid judicial review”.
This would “impact many thousands of residential buildings” and lead to calls for the Scottish government to “provide funding”, the notes warn.
The Scottish government officially estimates