Posted 22.12.17
GOV.UK: Article link
Communities Secretary Sajid Javid has announced new measures to cut out unfair and abusive practices within the leasehold system, including a ban on leaseholds for almost all new build houses.
Changes will also be made so that ground rents on new long leases - for both houses and flats - are set to zero.
The Government will also make it cheaper and easier for existing leaseholders to buy-out their freehold and there will be better information available about redress for those consumers who face the most onerous terms.
Leasehold generally applies to flats with shared spaces, making multiple ownership more straightforward, but developers have been increasingly selling houses on these terms - adding further costs to over-stretched house buyers.
