Leasehold and Commonhold Reform — [Albert Owen in the Chair]

Part of the debate – in Westminster Hall at 4:00 pm on 2nd October 2019.

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Photo of Mark Tami Mark Tami Opposition Pairing Whip (Commons) 4:00 pm, 2nd October 2019

My area has quite a few new leasehold housing estates, some of which have now been there for a number of years. The residents are being hit with a double whammy. They have all the costs associated with leasehold and they also have service management fees, which are absolutely enormous and growing. More and more people are reporting to me that they cannot sell their properties because they get partway through the process and the buyer looks at the cost and says, “No way.”