Submitted on Monday 28th November 2016
Rejected on Monday 5th December 2016
Current status: Rejected
Rejection code: no-action (see below for details)
Stop housing developers inflating ground rent making houses worthless
Ground rent charges are swamping new home buyers as they are caught out by leases with inflating ground rent charges. The already high charges double every 10 years to over £8000 per year. This effectively means once you have paid off your mortgage you are still paying costs equivalent to rent.
The exorbitant charges make houses worthless and unsaleable. This is not pointed out by the solicitors suggested by the developers who are supposed to be acting in your best interest. The developers then sell the leasehold to a third party to absolve them from responsibility.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
Petitions need to call on the Government or Parliament to take a specific action. You could start a new petition explaining clearly what you would like the Government or Parliament to do.
You could ask Parliament to change the law, to cap increases on ground rent charges, if that's what you would like to happen.
18.224.54.61 Tue, 03 Dec 2024 17:52:33 +0000
