The government has published a consultation paper, ‘Tackling unfair practices in the leasehold market’, seeking views on, among other things, its proposals to end the use of leasehold tenure for new build houses. Leaseholders, whether you live in a house or a flat, are encouraged to respond. The consultation closes on 19th September and responses can be submitted through an online survey.
The consultation, issued in July, follows hard on the heels of the Housing White Paper ‘Fixing our broken housing market’ published in February 2017. The White Paper highlighted the government’s aim to improve consumer choice and fairness in the leasehold sector.
This consultation looks at a range of measures to tackle unfair and unreasonable abuses of leasehold, with a particular focus on the sale of new leasehold houses and onerous ground rents. However, it is also part of a wider agenda to look at other issues such as
Indeed, the consultation specifically asks respondents What further areas of leasehold reform should be prioritised for reform and why?
Be sure to have your say HERE. The consultation closes on 19th September.
The sole purpose of this article is to provide guidance on the issues covered. This article is not intended to give legal advice, and, accordingly, it should not be relied upon. It should not be regarded as a comprehensive statement of the law and/or market practice in this area. We make no claims as to the completeness or accuracy of the information contained herein or in the links which were live at the date of publication. You should not act upon (or should refrain from acting upon) information in this publication without first seeking specific legal and/or specialist advice. Arthur J. Gallagher Insurance Brokers Limited trading as Deacon accepts no liability for any inaccuracy, omission or mistake in this publication, nor will we be responsible for any loss which may be suffered as a result of any person relying on the information contained herein.