5. Member Debate under Standing Order 11.21(iv): Leasehold residential contracts

Part of the debate – in the Senedd at 4:32 pm on 31 January 2018.

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Photo of Rebecca Evans Rebecca Evans Labour 4:32, 31 January 2018

The leaseholder should always have the first opportunity to purchase that lease, but it is my concern that, often, the price of the leases are beyond what the leaseholder is able or the home owner is able to pay for that lease, and that's something that I would be looking to explore in the wider context of this debate.

But I am really keen to be using all of the tools currently at my disposal to reinforce my commitment to this agenda, so I will be shortly be announcing a package of measures through Help to Buy—Wales to this end and it is my intention to bring forward these measures quickly. The plans are at an advanced stage, and I look forward to sharing further detail on those soon, but they will respond to some of the issues and concerns that we've heard during the debate.

Early engagement with house builders on these proposals has been very positive and I am confident that we can work with the industry in Wales on this. Secondly, I also want to improve awareness of what it means to hold a lease, and this responds to one of the key concerns that was raised by Lynne Neagle, along with Jane Hutt and Gareth Bennett, during the course of the debate. In those cases where it is right for a property to be sold as leasehold, such as a flat, for example, it is absolutely vital for potential purchasers to be completely familiar with the terms of the lease and able to challenge anything disadvantageous in it at the outset.