Leasehold Properties

Leaseholds on new-build houses would be outlawed, while ground rents could be dramatically reduced, under government plans subject to public consultation.

Ground rents can double every decade, crippling home owners and in some cases making a property impossible to sell.

"Enough is enough. These practices are unjust, unnecessary and need to stop," said Communities Secretary Sajid Javid.

The proposals, which are subject to an eight-week consultation, apply only to England.

The leasehold system has existed for a long time in England and Wales, especially in blocks of flats. Leaseholders own their homes for a fixed period of time, on a "lease" to a freeholder, but many have long leases, for example for many decades, and experience no problems. Traditionally houses have nearly always been sold as freehold properties, meaning the buyer owns the building and land it is built on outright.

But the trend for new-build houses being sold as leasehold has accelerated in recent years. The government said it was a particular problem in the north-west of England. Leaseholders typically pay ground rent to the freeholder, but can be caught out by clauses allowing for dramatic increases in these fees, which come on top of management charges for the upkeep of communal areas.

It is important to obtain professional advice when buying or selling your home. Please call Liz Moger on 02392820747 or Jeff Hiscox on 01329 822333 if you have any concerns.

July 2017

 

 

 

Is a worker employed or self-employed?

June 2018

Following a recent high profile Court case, partner Andrew Bryan poses the Question “When is a worker an employee rather than a self-employed contractor?”

More Info

Upskirting Law moves a step closer

June 2018

After the recent private members bill on ‘upskirting’ was so spectacularly and publicly blocked in parliament recently, the Government has finally stepped in to take action.

More Info

Commonhold – a different option for owning property

June 2018

Partner, Liz Moger, comments that the Law Commission is asking flat owners, housebuilders, mortgage lenders and lawyers to help shape a law which could help people own their flats outright.

More Info

High Court Rules that female cohabitee is entitled to share of deceased partner’s estate

May 2018

Solicitor Gemma Nolan comments on a recent landmark ruling where the High Court has found in favour of a 79 year old woman, after her partner of 42 years left her out of his will.

More Info

We’re proud to be associated with

  • The Law Society, Conveyancing Quality Accredited logo
  • The Law Society, Children Law Accredited logo
  • The Law Society, Criminal Litigation Accredited logo
  • The Law Society, Family Law Accredited logo
  • The Law Society, Family Law Advanced Accredited logo
  • The Law Society, Lexcel Accredited logo
  • Solicitors For The Elderly Accredited logo
  • Society of Trust and Estate Practitioners logo
  • Dementia Friends logo
  • Resolution logo