London residents win £550,000 compensation in cladding defects case

Kyle Taylor celebrates the residents’ compensation payout on the balcony of his flat at the Exchange development in Bermondsey, south London. Photograph: Supplied

Residents of a multistorey development in London have received £550,000 in compensation from a housing association for cladding defects in a case they hope will set a precedent for other claims.

Notting Hill Genesis (NHG) and the contractor United Living have also completed large-scale works at their own cost to remedy the buildings in the Exchange development in Bermondsey, south London.