Rightmove is to include full information about leasehold properties offered for sale on the on-line estate agency portal after pressure from Katie Kendrick, co-founder of the National Leasehold Campaign.
Hitting reverse gear by Rightmove is a considerable victory and a direct result of the actions of Miss Kendrick, who is also a trustee of the Leasehold Knowledge Partnership.
This response contrasts with the government-funded Leasehold Advisory Service, which had simply offered some consumer advice on leasehold to the portal but made no effort at all to have proper leasehold listings included.
“Rightmove has now told activists that the National Trading Standards Estate and Letting Agency Team (NTSEALT) is working on a list of “material information” that must be included on a property listing.
“An email from Rightmove to the Leasehold Knowledge Partnership, National Leasehold Campaign and members of the All Party Parliamentary Group on Leasehold Reform and Commonhold Reform, seen by EYE, said: “We are in contact with NTSEALT who are currently working on a list of material information that must be included in a property listing based on latest guidance available.
“As soon as we have this we will review any changes that need to be made and will be communicating with all of our agent customers.”
Industry regulator working on list of information that agents MUST include in listings
The industry regulator is set to tell agents what they must include in leasehold property listings. Campaigners have been urging Rightmove to make it mandatory for agents to include tenure terms on their listings rather than just offering it as an option.
“The Property Ombudsman has already warned that agents who don’t divulge tenure terms are in breach of the Consumer Protection from Unfair Trading Regulations.”
J. Van Orman
My husband and I fell into the Leasehold TRAP. We went into much debt with a high Mortgage to get us out. Now that we are selling our freehold property and Home Group is dragging
their feet. Never buy LEASEHOLD. Get a good Lawyer first. We had Home Group as the Landlord. They were not transparent. All I can say is BEWARE! BEWARE! BEWARE! the TRAP of Leasehold. The government should be ashamed for backing this Slave-entrapment.