21 December 2017

Today, the Communities Secretary announced plans to deliver a fairer, more transparent system for leasehold homeowners in England.

Measures to be introduced include:

In addition, the Communities Secretary will be writing to all developers to strongly discourage the use of Help to Buy Equity loans for the purchase of leasehold houses in advance of legislation and to ask those who have customers with onerous ground rent terms to provide necessary redress.

The proposed measures follow the Government’s recent consultation – ‘Tackling unfair practices in the leasehold market’ – which saw over 6,000 responses (see LEASE response).

The Government’s full response to the consultation can be seen here.

LEASE looks forward to working with the Government and all stakeholders in the sector to implement these measures and the deliver a fairer system for leasehold owners in England.

LEASE is governed by a board, appointed as individuals by the Secretary of State for the Ministry of Housing, Communities & Local Government.

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