Government announces end to new leasehold sales

25 July 2017

After years of protest by leaseholders, the Government have stated that they are seeking to ban sales of new leasehold houses. I started a campaign many years ago to highlight the problems we face in Cramlington and, because of the spread of new leasehold houses with onerous terms and conditions across the country, the matter has eventually been recognised as a disgrace. The Help To Buy scheme has persuaded lots of families to buy homes that are overpriced, not suitable for purpose and with terrible leasehold trems and escalating ground rents. It has to stop.

Ill informed buyers, unaware of the problems they were facing, have been funnelled into low deposit new leasehold homes that could prove to be hard to re-sell for the price they paid. Indeed it may be more appropriate to call it unaffordable housing.

We still have a lot to do to sort out the problems with leaseholds. Not a day goes by when we are asked to advise on the issue. Freehold companies will try to rip you off. When you ask for a price to buy your freehold it’s never fair. It’s always inflated and has to be challenged. You can save thousands by negotiating. Have a look at our Cramlington Leasehold Information page on Facebook and keep up with what’s happening.

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