Leases axe for houses

The People - - NEWS FEATURES - By Nigel Nel­son PO­LIT­I­CAL ED­I­TOR

ALL new­build houses will be sold free­hold in fu­ture un­der a shake-up to stop the lease­hold rip-off.

Leases mean home­own­ers can face ground rent charges of £700 a year and see lit­tle in re­turn.

Now any new leases is­sued will have ground rents capped at £10.

Com­mu­ni­ties Sec­re­tary James Bro­ken­shire is con­sult­ing on the move be­fore he leg­is­lates.

He said: “Un­fair ground rents can turn a home­owner’s dream into a night­mare. And it makes prop­er­ties harder to sell.”

Lease­holds usu­ally ap­ply to flats with shared spa­ces but de­vel­op­ers in­creas­ingly ripped off house­buy­ers by mak­ing them lease­hold.

The only ex­cep­tions un­der the new sys­tem are likely to be com­mu­nity hous­ing and shared own­er­ship prop­er­ties.

MOVES: Mr Bro­ken­shire

AC­CUSED: Royal Mail

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