Labour Plans To Ban Leaseholds On New-Build Homes

Labour has set out plans to ban the sale of new private leasehold houses and flats in an overhaul of property ownership rules that could slash the costs for homeowners of buying their freeholds. The shadow housing secretary, John Healey, said the proposals would end exploitative practices by freeholds, “from rip-off ground rents, to punitive fees to onerous contract conditions stating what they can and can’t do to their own homes”. The government has already announced it will axe leaseholds on all new-build houses, though it is not clear when the measures will formally take effect. Read more on the Guardian website.

https://www.theguardian.com/money/2019/jul/08/labour-plans-ban-leaseholds-new-build-homes