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To: Rt Hon Sajid Javid MP, Secretary of State for Communities and Local Government

Leasehold New House Builds

Leasehold New House Builds

Stop the unfolding next financial scandal, whereby housebuilders are selling new houses leasehold rather than freehold and then selling on those freeholds to investing companies, who then charge huge sums for the freehold

Why is this important?

A housing development locally is using this to sell houses on their new development and nowhere in their literature do they mention this underhand practice

https://www.theguardian.com/money/2016/oct/29/new-builds-house-buyers-leasehold-property-trap

Updates

2018-05-16 06:34:30 +0100

500 signatures reached

2017-02-17 07:40:13 +0000

100 signatures reached

2017-02-16 23:07:01 +0000

50 signatures reached

2017-02-02 18:37:34 +0000

25 signatures reached

2017-01-17 19:58:00 +0000

10 signatures reached