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The CMA has secured formal commitments from leading companies as part of its ongoing work to tackle issues in the leasehold sector.
Launch of the Commonhold Council – an advisory panel of leasehold groups and industry experts who will inform the government on the future of this type of homeownership.
First published during the 2019 to 2022 Johnson Conservative government
The CMA is requiring Countryside and Taylor Wimpey to remove certain contract terms that mean leaseholders have to pay ground rents that double every 10 or 15 years.
Millions of leaseholders will be given a new right to extend their lease by 990 years.
Letters regarding the ministerial direction to fund the remediation of private sector buildings which have unsafe Aluminium Composite Material (ACM) cladding.
First published during the 2016 to 2019 May Conservative government
Around £200 million will be made available to remove and replace unsafe cladding from around 170 privately owned high-rise buildings.
More than 40 leading property developers and freeholders have already signed the government-backed pledge.
Wanda Goldwag will lead LEASE, an executive body that provides impartial advice to people in leasehold properties and park homes.
Majority of new-build houses to be sold as freehold and new leases to be capped at just £10.
New government funding schemes will no longer be able to use the money for unjustified new leasehold houses.
New ‘how to’ guides include checklists for new and existing tenants, landlords and letting agents.
Private rented and leasehold sectors will receive stronger protection from unfair rogue letting and managing agents thanks to new government proposals.
New measures announced to cut out unfair and abusive practices within the leasehold system, including a ban on leaseholds for almost all new build houses.
Aspiring homeowners looking to buy leasehold properties will have all the information they need at their fingertips under plans announced today by Communities Secretary Eric Pickles.
First published during the 2010 to 2015 Conservative and Liberal Democrat coalition government
All letting and property management agents will be required to join an approved 'redress scheme' later this year.
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