Persimmon – whose boss got a £110 million bonus. And note the headline doesn’5 say “stops” leasehold sales of houses … Why isn’t this illegal?
“Persimmon has upped the number of homes it is selling freehold in a sign it is bowing to Government pressure over the sale of leasehold properties.
The company is understood to have changed its sales tactics on a number of sites where it is currently developing homes after concerns were raised about the potential for third party firms to buy up tranches of freeholds, and the high cost of ground rents.
Homes being sold at a development in Melksham, Wiltshire, where a four bedroom house is available for £234,995, are now being offered freehold, where previously only a leasehold sale had been available. Other sites in Penrith, Crewe, Crawley and Bracknell are also now being marketed for freehold sales.
Persimmon, which builds around 15,000 new homes each year, has come under fire for selling houses on leasehold terms to then hold onto the freehold for future sale as an extra source of income. Some leasehold homeowners found themselves on punitive terms with rapidly increasing ground rents and extra charges, or facing spiralling costs to buy the freehold at a later date. There are around 1.4 million leasehold households in the UK in total. …”