The recent announcement by Housing Secretary James Brokenshire that sales of leasehold houses are to be banned is already impacting the market, ONS figures show.
Party says it would end ‘feudal system’ in overhaul of property ownership rules in England
Housing minister says move will protect buyers from ‘exploitative arrangements’
Leasehold house owners are paying £319 in ground rent costs every year, totalling £447 million, and one in ten say the cost affects their quality of life, new research has found.
When Ian Rice bought his new home two years ago, he didn't really think about the leasehold. Now he's angry that he was "mis-sold" an unfair contract.
The Competition and Markets Authority (CMA) has formally launched an investigation to find out whether people are being treated fairly when buying their home.
Nurse faces losing his property after council demands gigantic sum for refurbishment of block
CMA says it may take enforcement action against developers or managing agents found to have contravened consumer protection laws.
Legal experts say there is growing body of support for the move, but warn that commonhold is far from perfect form of home ownership.
A review of how solicitors offer conveyancing services has found many do not explain the difference between leasehold and freehold and raised concerns about transparency relating to fees.
A quarter or leaseholders were not made fully aware of what they were buying by their legal counsel, This is Money can reveal.
Sahar Nejabati planned to sell her flat before she got married in order to buy somewhere more spacious to raise a family: but buyers would not touch it because of a clause in the lease under which the ground rent doubled every 15 years.
The Housing, Communities and Local Government Committee has published a report into Leasehold Reform which calls for wide ranging reforms to tackle abuse of the leasehold system.
The UK's leasehold system has left a number of householders in unsellable and unmortgageable homes and changes are needed, a committee of MPs says.
"I just want to own my own home."
Ashleigh Wilson, who's 27, thought she'd achieved that dream when she bought a place in Knowsley, Liverpool, four years ago.
The Conservative Party has been adept at using housing policy to speak to voters’ aspirations for a better life, prompting a “virtuous cycle” which has led it to semi-permanent governance. From Harold Macmillan’s 300,000 new homes a year, to Margaret Thatcher’s right to buy, the world’s most successful political party has understood that owning a home makes families strong and people prouder. Property is earned. It gives people something to work towards and provides a sense of security when achieved.
The Mayor of London has launched a new guide to help leaseholders and called on Ministers to speed up an overhaul of the system of leasehold for home buyers in the capital.
The Law Commission is proposing changes that would make it quicker and easier for leaseholders in England and Wales to take control of the day to day management of their building.
As a government consultation continues, it’s a crucial and costly issue facing the owners of flats and houses
Expansion of the commonhold system of home ownership as an alternative to leasehold tenancies has been urged by the government's law reform adviser.
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