‘Builders must pay to fix rip-off leaseholds’

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NEIGHBOURS on a new build Tyneside estate say they had to fight to stop their leaseholds being sold onto a company in London. The government will also go ahead with a ban on leaseholds on new-build houses and will force developers to cut controversial ground rents to zero for all new apartments and houses.

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AN MP has welcomed plans to end rip-off leaseholds which force people to pay thousands of pounds to stay in a property they own. The government has launched a consultation on whether to change the law to stop developers selling homes on a leasehold basis.

‘Builders must pay to fix rip-off leaseholds’. Builders accused of mis-selling new homes are braced for legal claims worth millions of pounds after locking buyers into leases with spiralling ground rent charges. sajid Javid, the communities secretary, this week announced plans to ban homebuilders from selling new houses on a leasehold basis.

Government consulting on plans to ban rip-off leasehold fees New proposals by government could mean rip-off leaseholds and sky-high ground rents could become a thing of the past for new buyers.

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HOW TO REPAIR TORN DRYWALL PAPER Here, we explain the government’s proposed bans and how leasehold clauses can rip-off buyers. Leasehold new-build houses. Traditionally, leasehold properties are flats, which have shared communal spaces such as entrance halls. In the last few years, however, major developers have also sold new-build houses as leaseholds.

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Chris Blythe: time to fix the leasehold rip-off.. At the heart of the issue is the relatively recent practice of shorter leaseholds with increases in ground rent included in the contract not properly explained or hidden. Some may say is the conveyancer’s job to explain it to their clients.