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Commercial Credit News
|Conveyancing Association outlines Leasehold Reform progress|
|Thursday, 06 April 2017|
Beth Rudolf, Director of Delivery at the CA, said: “While we congratulate the HomeOwners Alliance on its Leasehold Report, we would not want to see unnecessary concern amongst leaseholders that they do not own their property in ‘the eyes of the law’ as the report suggests. This is clearly not correct and leaseholders should know they have complete security so long as they comply with the terms of the lease. Plus, it should also be clear that there are mechanisms enabling them to extend their lease when required, albeit at extra cost.
“We are concerned that the implication that leaseholders are not legal owners could be considered scaremongering, which we do not support in any way, however we can see that this approach has brought the report to the attention of the mainstream media and the more people who are aware of the importance of obtaining all necessary information prior to buying a leasehold property, the better educated homebuyers will be.”
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