Sharon Hodgson, Member of Parliament for Washington and Sunderland West, has welcomed Government proposals to prevent future injustices within the leasehold market, but is calling for more action to help current owners of leasehold properties.
In a recent letter to Housing Minister Heather Wheeler, Sharon outlined the problems and injustices felt by constituents of Washington and Sunderland West regarding leasehold properties.
The Housing Secretary, James Brokenshire MP, last week announced plans to abolish the selling of new build houses as leasehold and reduce ground rents for new leases to zero.
However, properties built before these proposals are put into legislation will still be sold as leasehold.
Despite welcoming the proposals as a step in the right direction to prevent future injustices, Sharon is concerned that the proposals overlook existing leaseholders.
“I welcome the commitments from the Government to protect future homebuyers, and I believe that this is the start of the end for this outdated and unfair market. However, they do nothing to help those already subject to the injustices of the exploitative leasehold market, who feel ripped off, trapped, or like their home is not their own.
“There is a real threat that this will further leave leaseholders behind in the property market, with their properties becoming even more unattractive to buyers.
“The Government’s evident lethargy in committing to solutions for the leasehold market means that millions already living in leasehold properties continue to feel insecure, so I would urge the Government to go further than the steps outlined, and commit to immediate measures to right these existing wrongs.”