This petition was submitted during the 2017 to 2019 Parliament
Closed petition Leasehold Reforms Must Apply To Shared Ownership. We want Commonhold.
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We are treated as an ordinary 100% leaseholder when it comes to shouldering the burden of 100% maintainance fees, service charges, lease extension premiums without the financial stake or legal backing. Shared Ownership is sold as Affordable Housing but it is not and desperately needs legal reform
*Unregulated Service charges
*Unaffordable Admin fees,Valuers fees for Lease Extensions, Selling & Staircasing
*Unfairly priced Leasehold extensions where H/As are allowed to charge 100% extension premium regardless of % owned
*Staircasing and Selling is costly, complicated and difficult. Staircasing is not encouraged.
*Landlords should contribute toward Essential Maintainance since they own a financial stake
*Rent is dead money & unfairly reviewed yearly at RPI (not a true form of inflation)
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If this petition gets 10,000 signatures, government will respond to it.
If this petition gets 100,000 signatures, it will be considered for debate in Parliament.
This petition will stay open until 6 November 2019.