I am delighted to see the Government is to take action to prevent developers selling off the leaseholds to homes once construction work is complete.
This is a veritable cash cow, allowing developers to profit not just from homes, but from the leasehold as well.
And it is the residents who have to pay on both occasions.
Many residents from across rural and urban areas of Fylde have contacted me to raise the issue after seeing their leasehold payments double, triple, or even worse, with financial organisations buying leaseholds in blocks as a source of future revenue.
I wrote to ministers after meeting with several residents concerned about the situation.
I also joined the All Party Parliamentary Group on the matter and we are determined to put measures in place to stop this practice.
Leasehold ownership can make sense when it’s used for individual flats in a block. However, it’s clear that far too many new houses are now being built and sold in this way, potentially exploiting homebuyers with unfair agreements and spiralling ground rents.
These practices are unjust, unnecessary, and need to stop.
We have now put forward changes that will help make sure leasehold works in the best interests of homebuyers, including moving to ban the sale of new build leasehold homes except in exceptional circumstances, consulting on measures to cap ground rents on new leases to small ‘peppercorn’ payments, and asking how we can best support existing leaseholders.
This announcement makes good on our manifesto commitment and is all part of our plan to fix our broken housing market.
I am delighted to see so many responses to my letters to residents on parking outside homes in Lytham. I am still collating them, and will shortly be writing to Lancashire County Council with them all – if you have not yet written, please email me at, or post to: Mark Menzies, House of Commons, London, SW10AA.
In fact, residents from streets around where the original problem was raised have started to get in touch to say the problem is more widespread than I initially thought.
To that end, I have expanded the scope of my investigation, and have written to more residents in the town – the letters will be landing on doormats later this week.
Lytham Festival fast approaches, and I wish the organisers ever success with a packed programme of events which look set, once again, to attract thousands of people to Fylde.

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