Property News · July 25, 2017

Leaseholds on new-build houses in England to be banned


Ground rents on flats could also be cut to zero under proposals to be outlined by communities secretary Sajid JavidBuilders are to be banned by the government from selling houses as leasehold in England and ground rents on flats could be cut to zero following widespread outrage over exploitative contracts.In a blow for major housebuilders such as Taylor Wimpey and Persimmon, builders, communities secretary Sajid Javid will on Tuesday set out plans to “ban new build houses being sold as leasehold as well as restricting ground rents to as low as zero”. Continue reading…

Source : theguardian.com
Read more…Leaseholds on new-build houses in England to be banned

You may also like...