Leaseholders: Protection from Unfair Practices

Part of Housing, communities and local government – in the House of Commons on 19th July 2021.

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Photo of Eddie Hughes Eddie Hughes Parliamentary Under-Secretary (Housing, Communities and Local Government)

Unfair practices have no place in our housing market and the Government are committed to ending them. In January, we announced a package of reforms that will result in substantial savings to leaseholders, and we are currently legislating to restrict ground rents to zero for future leases. The legislation is currently with their lordships and will come to this House in the autumn.

We have asked the Competition and Markets Authority to investigate potential mis-selling in the leaseholder sector. In September last year, the CMA began enforcement action against a number of developers and investors. I was particularly pleased to hear that both Persimmon and Aviva have already agreed to amend their practices as a result.