MP backs plans for leasehold reforms
CHEADLE MP Mary Robinson has shown her support for plans revealed by the Secretary of State for communities and local government, Sajid Javid, to curb the practice of selling new-build houses under leasehold.
When a property is bought under leasehold, the buyer only has the right to occupy and use the property.
Since many homeowners do not own the land which their house sits on, they can face fees and costs from the landowner such as ground rents, which under the new proposals could be restricted on new-build homes.
An eight-week consultation will now take place, where the concept of selling under leasehold will be reviewed,
There will be proposals to set ground rents to zero levels, close legal loopholes which leave leaseholders vulnerable to possession orders and change the rules regarding the Help to Buy scheme so that it does not support new-build homes being sold under leasehold.
The public can view the government’s proposals in the consultation document online and have until September 19 to respond, either online or via email.
Mary said: “I am delighted that action is finally being taken to protect future homeowners from the unacceptable costs which come with buying under leasehold and I encourage everyone to take part in this consultation to ensure the strongest measures are taken.
“I will also be joining with colleagues in parliament to add my voice to calls for action to be taken to help those already dealing with unfair leasehold agreements.”