All the updated news related to leasehold

All the news related to leasehold updated in real time

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City

Watchdog drops case against Barratt Homes in leasehold mis-selling scandal

An investigation into alleged mis-selling by housebuilder Barratt Homes has been dropped by the competition watchdog after it found “insufficient” evidence to take legal action. Four of the UK’s biggest housebuilders came under scrutiny from the ...

16 Aug 2022 at 15:19

Personal Finance

Proposals to reform flats insurance market set out by City regulator

People living in blocks of flats could receive greater protections from high insurance costs under moves by the City regulator to improve how the buildings insurance market operates. A cross-industry risk-sharing scheme could be set up to limit ...

21 Sept 2022 at 17:40

Personal Finance

‘Leaseholders should not pay a penny to rectify faults not of their doing’

Leaseholders should not pay a penny to put right faults that are not of their doing in order to make their homes safe, MPs have said in a report into building safety remediation. The cross-party Levelling Up, Housing and Communities (LUHC) ...

11 Mar 2022 at 01:25

Personal Finance

Service charge code could be revised to help housing association tenants

Housing association tenants of long leasehold flats in England will be brought into a revised service charge management code, under proposals being consulted on by surveyors. Originally developed in 1997, the code sets out best practice ...

04 Apr 2022 at 01:25

Cladding: Minister orders probe into ‘crippling’ insurance costs for residents

The insurance market is not working properly for residents stuck in buildings with unsafe cladding, and many have seen their premiums double in just a year, Communities Secretary Michael Gove has said. In a letter to the Financial ...

28 Jan 2022 at 09:25

Personal Finance

Thousands more homeowners to be refunded after ground rents doubled

Thousands more homeowners who paid a doubled ground rent on their property will receive a refund after the competition watchdog cracked down on “unfair” leasehold practices. More than 5,000 households in the UK will be ...

24 Aug 2022 at 12:22

Personal Finance

Proposals to give leaseholders more rights set out by City regulator

New rights and protections for leaseholders have been proposed by the City regulator, to improve the transparency of the multi-occupancy leasehold buildings insurance market. Under the proposals, rule changes would ...

21 Apr 2023 at 00:01

Personal Finance

Competition watchdog prioritises work towards market study into homebuilding

The competition watchdog is prioritising work towards the launch of a market study into the homebuilding sector. Competition and Markets Authority (CMA) staff will finalise the proposed scope of the project and a ...

20 Jan 2023 at 12:24

Labour to force vote on ending ‘feudal’ leasehold system

Labour will force a vote on ending leaseholds, describing the watering down of the Government’s pledge to abolish the system as a “scandal”. Housing Secretary Michael Gove last week appeared to confirm reports ...

22 May 2023 at 22:30

Housing Secretary admits ‘there aren’t enough homes in this country’

Housing Secretary Michael Gove has conceded there “simply aren’t enough homes” in Britain as he said the Prime Minister had commissioned him to work on policies to help first-time buyers. Mr Gove also ...

16 May 2023 at 16:19

Ban to be put on the creation of new leasehold houses in England and Wales

A ban on the creation of new leasehold houses in England and Wales will be included in a Government shake-up – but there was criticism that the announcement did not refer to flats. Other than in ...

07 Nov 2023 at 15:01

Personal Finance

Proposals to slash ground rent costs for homeowners set out by Government

Proposals to slash ground rents and save some homeowners in England and Wales thousands of pounds over the term of their lease are being consulted on by the Government. Housing Secretary ...

09 Nov 2023 at 10:25

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