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News

Fri 29 Mar 2019

BREAKING NEWS: Government Announces Industry Pledge to Crack Down on Toxic Leasehold Deals

BREAKING NEWS: Government Announces Industry Pledge to Crack Down on Toxic Leasehold Deals

Communities Secretary James Brokenshire announced yesterday an industry pledge to crack down on toxic leasehold deals in the retirement sector. More than 40 leading property developers and freeholders have already signed the government-backed pledge.

The measures announced today are designed to stop older homeowners and their families being hit with surprise fees when they may least expect or be able to afford it, often when they are at their most vulnerable, such as following the illness or death of a loved one.

The Discovery Report was published yesterday and can be found here: https://mhclgdigital.blog.gov.uk/

For more information on the ministerial announcement: https://www.gov.uk/government/news/james-brokenshire-announces-industry-pledge-to-crack-down-on-toxic-leasehold-deals

For more information on the results of the Inquiry or leasehold generally, please contact Yashmin Mistry on email: ymistry@jpclaw.co.uk or tel: 0207 644 7294

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