There is no justification for ground rents to escalate the way they have been, but could banning leaseholds create a double-tier market trapping leaseholders in their properties? 

Spicerhaart Part Exchange and Assisted Move (PX-AM) is expanding into the south west with a new business development manager and contract with Linden Homes South West.

According to research from Spicerhaart Part Exchange & Assisted Move, around half of all pensioners are considering downsizing to release equity from their homes – that’s around 5.7million people.

However, due to stamp duty, estate agency fees, surveys, legal costs, removal fees and refurbishment costs, they could ‘lose’ up to £29,000 on average doing so.

Leaseholds were initially implemented for flats and apartments with shared facilities, but in recent years there has been an increase in selling leasehold new-build houses, and there are now around 1.4million in England.

It’s no secret that there is a housing crisis. It has now reached such a critical point that we need to build at least 250,000 new homes every year to get anywhere near close to meeting the ever-growing demand.

And while we are all aware of the need for thousands of new homes, what we do have a problem with is houses popping up on our green land when we can patently see run-down sites across the UK that are not being utilised.

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Blackpool

Skyways, Amy Johnson Way,
Blackpool, Lancashire FY4 3RS

Neil Knight
Business Development Director

T: 01452 762789
M: 07866 386930
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Copyright © 2018 Spicerhaart group

Sheffield

4 Loundside, Chapeltown,
Sheffield S35 2UP

Jan Biggins
National Sales Manager

T: 0114 245 2471

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