Part of the debate – in the Senedd at 4:18 pm on 27 June 2018.
I'm glad to support Mick Antoniw's legislative proposal. It addresses an issue that I spoke about in the individual Member's debate, affecting my constituents in the Vale of Glamorgan, with 3,500 new houses at the Quays waterfront area of Barry built by a consortium, Taylor Wimpey, Barratt and Persimmon. At that time I drew attention to the fact that the Welsh Government's Help to Buy scheme had supported a large percentage of new buyers in this highly desirable location, linking the town with Barry Island via a new road—an important development for the town of Barry. But concerns were raised with me about the use of leasehold by the developers, and I raised these concerns with the Minister earlier this year. I made the point in January that we're subsidising supporting homebuyers with Help to Buy with public funding, and thereby intervening in the housing market for the benefit of developers and, indeed, for the homebuyers. But they can be disadvantaged in the short and long term by leasehold arrangements imposed on them in new developments, so I was very glad to acknowledge the Minister's announcement on 6 March. That package of measures, which actually she launched in Barry, on a visit to the Quays, where she met with the developers—for houses and flats that qualify for support under Help to Buy, she did include this new package including new criteria that will require a developer to present a genuine reason for a house to be marketed as leasehold as well as a number of important measures.
I hope the Cabinet Secretary can update us on developments, because in terms of work with the Home Builders Federation, they are working at alternatives to leasehold, such as commonhold, using the right-to-manage legislation. But we have heard again today compelling evidence of failures, of profit-making management companies leaving residents vulnerable and living in unacceptable conditions. So, although there will be leasehold reform needed, in particular in relation to flats and shared property homes, I do support Mick Antoniw in his call for a made-in-Wales legislative solution. We have the powers to prohibit new houses to be developed as leasehold. Wales could lead the way.