Leaseholders feel mis-sold

According to a new survey, two-thirds of leasehold homeowners feel they were mis-sold the properties they are living in. NAEA Propertymark surveyed more than 1,000 people in new leasehold houses, and found 94% said they regretted their purchase. The survey revealed that 65% used the solicitor their house builder recommended – and 15% of those say they weren’t told they weren’t buying the freehold. Nearly half didn’t know they were only buying the lease until it was too late, and 57% didn’t understand what being a ‘leaseholder’ meant until they had completed the transaction.

Daily Mail

Posted 14/09/2018