UK Parliament / Open data

Leasehold Reform

Proceeding contribution from Mark Tami (Labour) in the House of Commons on Tuesday, 23 May 2023. It occurred during Opposition day on Leasehold Reform.

As I mentioned earlier, when many of these leasehold houses were sold, the purchasers were promised that they could purchase the freehold, only to find that that was not an option, the freehold was sold on immediately and freeholds were packaged up; they are financial products. I have spoken to people who get a letter every couple of months informing them that the freehold has been sold on to somebody else. This is their life, this is their property, but they feel that they do not own it because it is being bought and sold on a regular basis.

Type
Proceeding contribution
Reference
733 c172 
Session
2022-23
Chamber / Committee
House of Commons chamber
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