Over half of new homes sold on 'unfair' leasehold terms since 'ban'

Mail Online | 7/3/2019 | James Tapsfield, Political Editor, For Mailonline
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More than half of new houses were sold on 'unfair' leasehold terms in some towns last year - despite the government announcing a ban.

Ministers are facing a backlash for failing to act after figures emerged showing the practice is still widespread.

Government - Homes - Leases - England - Houses

Government estimates suggest there are 4.3million homes with leases in England, 1.4million of them houses.

The Leasehold Knowledge Partnership campaign believes 100,000 families are trapped in houses that are now unsellable because their contracts are so unfair.

Charges - Decade - Freeholds - Parties - Homeowners

Some double charges every decade, while other freeholds are sold on to third parties who only allow homeowners to buy them out for exorbitant fees.

In December 2017 then-Communities Secretary Sajid Javid pledged to ban the sale of 'almost all' newly-built houses with leases.

Details - House - Commons - Library - Constituencies

However, according to details compiled by the House of Commons library, in 21 constituencies last year more than half of such sales were on leasehold terms.

Some 22 per cent of new houses were sold leasehold in the North West - 2,300 properties - while in London the figure was 19 per cent.

Total - England - Year

A total of 3,394 were sold across England last year.

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(Excerpt) Read more at: Mail Online
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