Pioneering property developers Hopton Build are calling for action to stop innocent home-buyers being duped by bad leasehold deals and have joined the fight to change the law.
Stewart Moxon says they are backing the Law Commission which has released a consultation paper today (Monday 10 December 2018) on reforming commonhold law to make it a more viable option for home builders.
Hopton Build is already leading the way as the only known developer currently offering freehold apartments within a commonhold scheme at his latest development in Liversedge, West Yorkshire.
Hopton Build Director Stewart explained: “Leasehold is an archaic agreement which lacks transparency for home-buyers who don’t realise they are NOT actually buying their new home outright.
“We are saying enough-is-enough and putting our ethics into practice by building flats with freehold sale agreements – where the buyer buys the property and through a commonhold arrangement shares control of the communal areas, with no costly middle-men and extortionate ground-rent!”
Stewart backs Law Commissioner Professor Nick Hopkins who is also calling for current leaseholders to be able to purchase the freehold or extend the lease of their home and said: “The current system is complex, slow and expensive and it’s failing homeowners. Many feel that they have to pay twice to own their home.” 
Secretariat of the All Party Parliamentary Group on leasehold reform, the Leasehold Knowledge Partnership  and Facebook’s National Leasehold Campaign (NLC)  are also leading the call for urgent leasehold law reform.
Stewart and partner Neil Turton are proud to be at the national forefront of building a fairer future for homeowners, adding:
“If we are able to build and sell flats as freehold why can’t the larger national building companies?”
Their five-apartment project in West Yorkshire is laying the foundations for a fair deal for Yorkshire residents and he hopes builders country-wide will follow his lead. These apartments offer buyers a freehold for the property and a commonhold arrangement where the home-owners share ownership of the communal areas, such as car parking and gardens.