Labour promises to give tenants new powers to escape leasehold rip-offs
The IndependentSign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Tenants will be given new powers to escape rip-off leases and soaring ground rents if Labour wins power, the party is promising. “The scale of the problems faced by leaseholders, from rip-off ground rents to punitive fees to onerous contract conditions stating what they can and can’t do to their own homes, demands wholesale change.” The cost of buying the freehold on a home priced at £250,000 would be slashed from more than £10,000 to £2,500, with a further saving from avoiding expensive legal fees, Labour said. At least 4.3 million homes across England are owned on a leasehold basis, inflicting “exploitative ground rents, onerous contract terms and arbitrary fees”, the party argued. Other proposals set out by Labour include: * An end to ground rents for new leasehold homes – matching the government’s plan.
History of this topic
Rental reforms ‘to deliver on promise to transform lives of millions of tenants’
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Thousands more homeowners to be refunded after ground rents doubled
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Leasehold is a form of financial servitude – it must end in 2022
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Leasehold scandal: Millions of homeowners to be freed from ‘rip-off’ ground rents after landmark reforms
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Leasehold scandal: Five major developers abolish ground rents on new flats
The Independent
Government will ban sale of new-build houses as leasehold
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