Leasehold Houses

Off the back of Help to Buy, many builders started selling houses on a leasehold basis when traditionally homes had always been freehold. Over time this became a debatable topic at which the Government felt the need to step in. Some of the country's housebuilders got pointed the finger of putting profits before their social conscience while they are aware that they need to build homes for families they also have shareholders to answer. Land Banking The media had made it publicly known that there was a situation with land banking. Land banking is a real estate investment scheme that involves buying large blocks of undeveloped land with a view to selling the land at a profit when it has been approved for development Thanks to consolidation, some builders have inherited land into their organisations which is on a leasehold basis. It's a debatable topic that they offer both leasehold and freehold properties for sale so that buyers can make an informed choice. What About the People? Many people had felt that the market had swayed much too far towards leasehold when it came to light how much profit the Builders had been making off the back of the leases. Things came to a head when the Chief Executive of one of the UK's most prominent Builders received a bonus of over