Latest News

House prices in Scotland continue to grow faster than the rest of the UK.

19 July 2019

The May house price index has again shown the average house price in Scotland has increased compared to the same month last year and has also increased each month since May 2016. Read More...

Regulation of Property Agents Working Group (R0PA) report to Government

18 July 2019

Today, Thursday 18 July 2019, the Ministry for Housing, Communities and Local Government (MHCLG) released a report on the recommendations of the Regulation of Property Agents Working Group (RoPA) proposing a new regulatory framework to cover estate agents across the UK and letting and managing agents in England only. Read More...

Leasehold Reform Task Group Report released for Wales

17 July 2019

A Task and Finish Group, which included participation from NAEA Propertymark, has released its report on Residential Leasehold Reform. Read More...

Past winners success – Propertymark Qualifications Awards

16 July 2019

Nominations are in full swing for the 2019 awards and Propertymark spoke to last year’s winners to hear what they’ve achieved since receiving their much-coveted award. Read More...

The passing of a former NAEA Propertymark President

15 July 2019

David Ware, founder of the Ware & Co estate agent, based in Taunton, sadly passed away on 23 June aged 74. Read More...

Is help coming for existing leaseholders?

09 July 2019

Mark Hayward appeared on BBC Breakfast this morning talking to Business reporter Steph McGovern about leasehold. Read More...

New ‘green mortgages’ could cut homeowners mortgage rates, bills and emissions

01 July 2019

Thanks to a £10 million innovation fund, customers could take advantage of discounted mortgages and save money on energy bills and emissions by upgrading the energy rating of their home. Read More...

Plans in place to abolish leasehold for all new homeowners

Thursday 27 June 2019

In a wide-ranging speech to the Chartered Institute of Housing conference in Manchester, the Rt Hon James Brokenshire MP confirmed plans to abolish the selling of new houses in England as leasehold and reduce ground rents for new leases to zero – putting cash back into the pockets of future homeowners.

All new-build houses will be sold as freehold in order to tackle the continuation of unfair leasehold practices and prevent future home-owners from being trapped in exploitive arrangements that have been witnessed in recent years.

The changes:

  • Ground-rents on new leases to be reduced to £0 – preventing leaseholders being charged exorbitant fees for which they do not benefit from
  • All new houses to be sold on freehold basis unless there are exceptional circumstances – ending unscrupulous practice of unnecessary leaseholds
  • Immediate action to ban Help to Buy being used to support the purchase of leasehold houses
  • If buyers are incorrectly sold a leasehold home, consumers will be able to get their freehold outright at no extra cost

To stop freeholders and managing agents taking as long as they want – and charging what they want - ministers will introduce a new time limit of 15 working days to provide leaseholders with information they need to sell their home and a maximum fee of £200 to make the home buying process quicker, easier and cheaper.

Homes England has been instructed to renegotiate Help to Buy contracts to explicitly rule out the selling of new leasehold houses, other than in exceptional circumstances.

Other important proposals unveiled include extra funding for 19 new garden villages, and radical new measures to speed up planning applications.

NAEA Propertymark believes it is unfair that the thousands of existing leaseholders across the country are stuck and unable to sell their property. That’s why we have responded to many consultations in order to push for a reform.

Our Leasehold: A Life Sentence? report found that:

  • 94% of leaseholders regret their purchase
  • 93% would definitely not buy another leasehold
  • 62% feel as though they were mis-sold

Yesterday, we reported on the Ground Rents (Leasehold Properties) Bill, which if passed will remedy the issues faced by existing leaseholders. Positive steps have been taken to stop poor practice continuing for future homeowners, we are now calling for legislative action to address problems faced by those currently living in leasehold homes.

Ground Rents Reform Bill

Mark Hayward, Chief Executive, NAEA Propertymark comments on the announcement that all new-build houses will be sold as freehold in bold move to tackle unfair leasehold practices: “We welcome the announcement that all new-build houses are to be sold as freehold.

"These future practices are a huge step in the right direction towards fixing Britain’s broken housing market. However, we need to sought a robust solution for all those affected, as the issue remains at hand that existing leaseholders are still trapped in properties they can’t sell or remortgage which has led to three in five (62 per cent) feeling like they were mis-sold and we cannot leave them behind.”

Communities Secretary Rt Hon James Brokenshire MP told the Chartered Institute of Housing conference:

“We have long recognised that we have a responsibility to confront unfairness in the leasehold market. Last year we consulted on proposals including the leasehold house ban and ground rent reduction.

“Today I can confirm we will go ahead with our original plan to reduce ground rents on future leases to zero, as opposed to a cap of £10 per year.

“And we will legislate to ensure that in the future – save for the most exceptional circumstances – all new house will be sold on a freehold basis.

“We are committed to taking bold action to reform the sector and will be pressing ahead as soon as parliamentary time allows – helping us delivery our promise to make the home buying and selling process quicker, cheaper and easier.”

NAEA Propertymark resources

NAEA Propertymark members can access multiple resources as part of their membership which aim to tackle tricky legislative changes and topics throughout the industry, guides and videos to help agents comply and understand more easily. We’ve created a comprehensive Understanding Leasehold guide to help members get to grips with the tenure. You can access these by logging into the members area.

NAEA Propertymark also offers courses that cover topics across the sector including an Understanding Leasehold Properties Intermediate level course.

More information on courses

What Propertymark is doing

NAEA Propertymark has long campaigned in order to see unfair leasehold practices reformed. We have responded to many consultations in order to push for change. Here are some of the responses NAEA Propertymark has submitted:

A full list of NAEA Propertymark responses can be found below.

Consultation responses

To find out more about NAEA Propertymark’s extensive campaign to raise awareness on issues faced by leaseholders visit our Leasehold Lobbying page.

We have also put together a number of consumer guides for you to share with your customers and help them better understand what it means to be a leaseholder.

Consumer guidance