Right-to-buy owners are up in arms after being charged £24k for a new communal heating system
The housing sector has potential to unlock a vast amount of political capital for the new Government. With new-found support for the Prime Minister across the country, the housing sector can support Government by delivering a new generation of homes and making home ownership more accessible. Alongside progressive policymaking, the Government needs the backing of institutional investors who can provide long-term capital, often from pension funds. However, there is a current danger that some of the reforms the Government are pursuing – such as those in the residential leasehold sector – increase the risk of driving long-term investment away from the market.
Law Commission aims to make it cheaper for leaseholders to buy freehold or extend lease
The system of pricing extensions for leasehold homes has been branded "absurd" by a campaigner.
There were an estimated 4.3 million leasehold homes in England in 2017/2018, equating to 18% of the housing stock, the latest official figures show.
When Denise Sullivan bought her new build home in Pembroke in 2016 she made sure it was freehold.
"I don't trust landlords and leaseholds. I promised myself I would never get involved with a leasehold property.
The price premium being paid for a freehold property by home buyers in England and Wales is at its highest since 2011, enhanced by issues relating to leaseholds, new research suggests.
After reaching an out-of-court settlement with leaseholders at a Cardiff site, campaigners say all its leasehold-sold clients should also be given freehold status without charge.
Ongoing problems are beginning to seriously impact the housing market as leaseholders wait for months to update leases prior to putting properties on the market.
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.
Opt in here