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

 

 

 

New Year : Online Scams

In recent light of the 'Whatsapp Gold' text scam, we look at the dangers of online scams, fraud and circulating malware.

More Info

Do you know your Consumer Rights?

In the lead up to Christmas, knowing your rights as a consumer is as important as ever.

More Info

Reigning in the rogue bailiffs

Aggressive bailiffs are set to face renewed scrutiny under new plans to end intimidating practices and better protect vulnerable people.

More Info

Right to refuse a business tenancy cannot be misused

An interesting case is currently making its way through the court system and may have far reaching implications for the landlord/tenant relationship in relation to tenancy renewals

More Info

Reviews

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