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PPI-style compensation scheme for leaseholders being considered

Labour MP Justin Madders has secured a second reading of a Bill that aims to introduce a compensation scheme for existing home owners with unfair leasehold terms. Madders said his Leasehold Reform Bill would also seek to introduce a statutory pricing model for purchasing a leasehold at no more than 10 times the annual ground rent. Such a system would involve a simple formula based on a property’s ground rent and the number of years left on its lease, along with a cap.

Ground rent is usually fixed in the lease, but some leases – especially among new build homes – contain a rent escalation clause which causes the ground rent to increase at intervals. Problems with new-builds[1] are common, so know that you’re not alone and you do have rights.

Compensation for leaseholders?

A second reading of the Bill is scheduled for 2 February, where it will be debated further. It’s not known what the redress for mis-sold leaseholds could be.

So far, banks have paid out ?28.2bn in compensation for the PPI scandal[2] since January 2011, with the deadline for claims now set at 29 August 2019.

In July, the government launched an eight-week consultation into ‘unfair leasehold practices’ – with a particular focus on the sale of new-build homes as leaseholds and spiralling ground rent clauses.

References

  1. ^ Problems with new-builds (www.which.co.uk)
  2. ^ compensation for the PPI scandal (www.which.co.uk)

Dekoria Fire Retarding Ikea Ektorp 2-seater sofa bed cover (for model on sale in Ikea 2004-2012) – graphite grey chenille – Discounted

Transform your Ektorp furniture with a perfectly fitting Ikea Ektorp 2-seater sofa bed cover made for UK specification Ektorp series (furniture dimensions available on request). Choose from over 100 high quality and durable upholstery fabrics, from practical flat woven fabrics to luxurious chenilles. Dekoria supplies covers to suit all tastes, budgets and styles from Scandinavian and clean modern looks to traditional homes or shabby chic interiors. All covers are made to order within 5-10 working days. If you need a cover made within 5 working days please choose fabrics from Cotton Panama or Avinon collections for expedited 5 days manufacturing. 2 Years Warranty on all covers Important: This cover fits Ektorp 2-seater sofa bed on sale in Ikea before 2012 (when new model was launched). If your sofa bed is likely to have been manufactured before 2004, please contact Dekoria to confirm measurements and make sure this cover will fit. Finished with high quality piping (bespoke contrast piping available on request) Fire retardant fabrics designed for use with original Ikea furniture. Covers supplied with relevant flammability labels. Machine washable fabrics. Cotton Panama and Avinon ranges are particularly recommended for frequent machine washing, making them Dekoria’s most pet and kids friendly ranges. Matching home textiles available e.g. made to measure and standard blinds, curtains and cushion covers. Cover designed for fabric furniture (covers do not fit leather models.). Partial covers e.g. cushion covers only are available on request. This cover is made by Dekoria and is desgined to fit Ikea Ektorp furniture. Dekoria does not sell any products of Ikea. All names and trade marks are owned by IKEA Inc and are used for the sole purpose of explaining which models these covers are suitable for. Please contact us if you have any questions or to request measurements of this cover.

  • 2 Years Warranty. Please note that this is a replacement cover only. Furniture is available from Ikea
  • Fire retardant machine washable 40% polyester, 60% polyacrylic high quality upholstery fabric
  • Easy fitting with velcros and zips
  • Matching items e.g. curtains, blinds or cushion covers available from Dekoria
  • Individually made to each customer’s order

Discounted: Sale Products

Cute Candy Color Babies’/ Kids’ Cotton Beanie/ Hat/ Cap (Model: Br010036) (Red) – Bonus Price

Cute Candy Color Babies’/ Kids’ Cotton Beanie/ Hat/ Cap

Item: BR010036

Feature:

Color: As the picture Material: cotton Head circumference: 38cm-55cm / 14.96″-21.63″ Avaiable Color: as the picture shows This hat is suitable for baby about 3-12months old to use.

Package included:

1xCap

  • Notice: we also have others (as the picture shows) color on sale. If need you can leave message to us, thank you.

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