Spicerhaart Part Exchange and Assisted Move (P/X&AM) has enjoyed its most successful quarter to date, thanks to a 33% increase in business.

There is no justification for ground rents to escalate the way they have been, but could banning leaseholds create a double-tier market trapping leaseholders in their properties? 

Leaseholds were initially implemented for flats and apartments with shared facilities, but in recent years there has been an increase in selling leasehold new-build houses, and there are now around 1.4million in England.

Spicerhaart Part Exchange and Assisted Move (PX-AM) is expanding into the south west with a new business development manager and contract with Linden Homes South West.

According to research from Spicerhaart Part Exchange & Group Clients, around half of all pensioners are considering downsizing to release equity from their homes – that’s around 5.7million people.

However, due to stamp duty, estate agency fees, surveys, legal costs, removal fees and refurbishment costs, they could ‘lose’ up to £29,000 on average doing so.

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Neil Knight
Divisional Director

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Jan Biggins
National Sales Manager

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