The ongoing saga in the leasehold sector has just seen another plot twist, and this time it’s good news for leaseholders. Leasehold – What Does It Mean? As a leaseholder, you own a lease that gives you the right to use the property how you wish, within the parameters set out in the lease. However,…Continue reading
Tag: leasehold
House Builders Told to Stop Raising Ground Rent
The Competition and Markets Authority (CMA) recently warned house builders Countryside and Taylor Wimpey that they could face legal action if they don’t remove their ‘unfair’ leasehold contract terms in relation to raising ground rent. The UK watchdog expressed its worry that house builders could be in danger of breaching consumer protection law. Another two…Continue reading
Committee Publishes Leasehold Reform Report
The Housing, Communities and Local Government Committee recently published the report from its inquiry into leasehold reform. Ban on selling new builds as leasehold The report, which the Committee published last month, made several recommendations to the government. One of these recommendations is banning the sale of new leasehold houses; the government has already committed to…Continue reading