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You are here: Home / Latest News / Justin Madders MP tells Chester Chronicle leasehold is ‘the PPI of housing sector’

Justin Madders MP tells Chester Chronicle leasehold is ‘the PPI of housing sector’

February 20, 2017 //  by Sebastian O'Kelly

Justin Madders, Labour MP for Ellesmere Port and Neston, has said that escalating ground rent, games over buying the freehold– discovering it would cost them three or four times what they were originally promised were:

“The PPI of the house building industry.”

Mr Madders has called on ministers, along with other MPs who represent areas where a large number of leasehold homes are now being built, to end what he described as ‘the PPI of the house building industry’.

Full article is here

Major developers including Bellway, Redrow and Taylor Wimpey were cited, with Taylor Wimpey since pulling out of leasehold sales.

Mr Madders also asked for the Government to ensure existing homeowners with leases are compensated.

When housing minister Gavin Barwell MP indicated some developers were no longer going to continue selling leasehold properties, Mr Madders said: “It is welcome that this practice is not going to continue but my constituents are anxious to know what the Government can do to deal with the onerous conditions that exist in leases already.”

Related posts:

If government co-operated we could fix the leasehold scandal, says Labour MP Justin Madders Justin Madders MPNational housebuilders ‘sold an illusion’ of home ownership, says Justin Madders MP Justin Madders MP demands LEASE chair has ‘no business interests in the leasehold sector’ Justin Madders MPJustin Madders MP endorses the National Leasehold Campaign trio for prestigious Women in Housing Awards Englishman’s home isn’t a castle: it’s a revenue stream for an offshore company thanks to national housebuilders, Justin Madders tells the Commons

Category: Bellway, Ground rent scandal, Justin Madders MP, Latest News, News, Press, Taylor WimpeyTag: Justin Madders MP

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Previous Post: « Homebuyer calls for Persimmon boycott, and local MP Andrew Selous agrees with him!
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Reader Interactions

Comments

  1. Karen

    February 20, 2017 at 8:56 pm

    I think it should be rebranded as ‘Leasegold’ ‘ as it is a goldmine for some!

  2. Kim

    February 21, 2017 at 6:50 pm

    Good old Madders!! Looking after his constituents and earning his bread and butter! However, he is a politician so my mantra is- ‘ Believe half of what you see and NOTHING of what you hear.

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