Unfair leasehold arrangements.

 

An interesting article was published recently regarding a government backed pledge to stop leaseholders being trapped in unfair and costly deals.  Companies such as Taylor Wimpey and Barratt Homes have already signed the government-backed pledge, which commits them to doing away with onerous ‘doubling clauses’ that can result in ground rents soaring exponentially over a short period of time.

The freeholders who have signed, have committed to changing the terms of leases for those who are affected. Other industry bodies such as Managing Agents have also put their names down, vowing to act fairly and transparently in their dealings with leaseholders.  Read the full article here.

BW Residential Ltd are always willing to help leaseholders who have questions, queries or problems.  Please contact us if you need any advice.