Latest News

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In a speech in the House of Commons today, 24 September, Rt Hon Rishi Sunak MP, outlined the UK Government’s next stage of the economic plan to protect jobs over the winter period with the announcement of a new Job Support Scheme. Read More...

Scottish moving homes guidance updated

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New Chief Executive Officer of Propertymark appointed

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Tim Balcon joins Propertymark today, 24 September, as Chief Executive Officer, which is a newly created role, bringing over 20 years’ experience in membership and sector organisations. Read More...

Government extends support to stop business evictions in 2020

17 September 2020

Robert Jenrick, Secretary of State for Housing, announced yesterday, 16 September, that all commercial tenants will be protected from the risk of eviction until the end of this year. Read More...

High Court rules in favour of agents over Business Interruption Insurance

15 September 2020

Thousands of companies disputing their insurers' interpretations of liability under Business Interruption Insurance welcome the court ruling today, 15 September, where it found in favour of the arguments advanced for policyholders on the majority of issues brought by the Financial Complaints Authority (FCA) test case. Read More...

Housing Secretary commits to redress scheme for leaseholders

Wednesday 15 January 2020

Leaseholders will get a redress mechanism, and leasehold reform legislation is on the way, Housing Secretary Robert Jenrick has confirmed.

The Government did not specifically include redress for leaseholders in the December 2019 Queen’s Speech but, speaking during an oral questions session in the House of Commons this week, the Housing Secretary committed to a redress scheme. He also announced that a draft bill on banning leasehold houses and reducing ground rents would soon be published. 

New Homes Ombudsman

A government-established redress reform working group was formed in January 2019 and has been working to establish a single point at which all complaints could be handled. 

There has been a change of government since the group was convened, however The Queen’s Speech did propose a New Homes Ombudsman, something that Propertymark has championed in our work on leasehold issues. 

 

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We have committed to filling a gap in redress provision for leaseholders by making a redress scheme mandatory for freeholders who do not use managing agents.

We will be bringing forward legislation on this in due course.- MHCLG statement

 

Clarity still needed

It is unclear from the Housing Secretary’s answers in Parliament whether a redress scheme would help existing leaseholders, or apply only after a New Homes Ombudsman is instated. 

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We know that the government has been extraordinarily keen to look at all aspects of leasehold property, whether enfranchisement, alleged mis-selling of property or rapidly escalating ground rents.


They are also keen that the consumer shouldn’t be penalised and should be fully informed as to all obligations before purchasing the property.


We’re not aware that a separate redress scheme for leasehold housing will be set up, but we are aware that the possibility of a New Homes Ombudsman is very real.

Mark Hayward

Mark Hayward
NAEA Propertymark Chief Executive

 

 

 

LEASEHOLD: A LIFE SENTENCE?

Propertymark continues to lobby and campaign on leasehold, working in the best interests of those affected by leasehold issues. Find out more about this work, as well as training courses, and guides helping agents and consumers to understand leasehold issues.

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