The Conveyancing Association claims that 98% of sales of properties with onerous or doubling ground rents broke consumer protection rules. Only 2% of purchasers received information prior to viewing a property, according to a survey carried out with the help of the National Leasehold Campaign and the Home Owners’ Alliance. The Conveyancing Association has reported […]
The Conveyancing Association says it is going to deliver a “full and frank” response to Sajid Javid’s consultation on the leasehold sector. “It’s clear that we want to move away from leasehold being used purely as a motive to generate income, and produce ever-increasing profits for whoever might own the freehold,” writes Eddie Goldsmith, the […]
Buyers have themselves to blame, not solicitors, over leaseholds, say conveyancers – Legal Futures Conveyancers have hit back at suggestions they should have prevented the scandal of new homes being sold as leasehold properties with rapidly escalating ground rents, which the government announced plans to ban last week. Rob Hailstone, chief executive and founder of […]
Justin Madders MP makes devastating intervention into the ground rent scandal Government needs to act against this “worst excess of capitalism” Select committee needs to question the housebuilders Taylor Wimpey and others must say how many ex-customers own unsellable, toxic leases Developer-recommended solicitors need to explain the advice they gave buyers Justin Madders MP made […]
… and MPs says profiteering freeholders will be treated ‘like Philip Green’ … LKP patrons call for another Commons debate on leasehold Mortgage lenders and conveyancers yesterday told MPs in the All Party Parliamentary Group that leasehold is in desperate need of legislative reform. The cautious Council of Mortgage Lenders, now renamed UK Finance, spoke […]
This week saw a half-hour live discussion of leasehold issues on BBC R4 Money Box Live driven by mounting concerns over the leasehold houses scandal. The programme preamble, presented by Louise Cooper, pointed out that in the 1990s 22 per cent of all new builds were leasehold and the figure today is 43 per cent. […]
… after inviting ‘sympathy’ for solicitors who landed leasehold house buyers with onerous lease terms Beth Rudolph, the spokesman for the Conveyancing Association, has launched an astonishing attack on the HomeOwners’ Alliance for “scaremongering” over leasehold. The two organisations, which have co-operated in the past – along with LKP – have fallen out over the […]
A number of key figures in leasehold were in the audience of the All Party Parliamentary Group and several asked questions. Ground rent sale prices have risen ten-fold since 2007 David Thomas, CEO of Barratt Developments In the North East and in the North West houses have traditionally been sold leasehold whether on the second […]
The Conveyancing Association, which is clear eyed to the many issues in leasehold particularly concerning complications and costs over sale, has had a set-back in attempting to make freeholders members of a redress scheme. The idea is excellent, and should be taken up by Labour housing spokesmen, not least because so many residential freeholds are […]
… Conveyancing Association calls for enforcement of reasonable fees, and it wants Land Registry to register ‘lease administrators’ who handle sales
… It claims there is ‘an imbalance of bargaining power between the lease administrator and the leaseholder’
… 34 per cent of estate agents say leasehold sales are a ‘nightmare’
… LKP tells the Financial Times’ FTAdvisor publication that freeholders routinely stuff sales as a cash-raising tactic
… Leasehold transactions across all UK regions have risen to 260,000 in 2015 up from 220,000 in 2011 (Source: Land Registry)
… Today 57% of all transactions in Greater London and 40% in the North West are for leasehold properties
Sales of flats are routinely seen as an opportunity to squeeze ‘extortionate’ amounts of cash out of leaseholders by freeholders, says the Conveyancing Association.
Consumers are inadequately protected as lease administrators handling sales for freeholders are not required to be part of an ombudsman scheme or come under the jurisdiction of the First Tier Tribunal of the property chamber.
Housing association leasehold featured on the BBC Radio 4 consumer show You and Yours today … and LKP managed to make a case for commonhold as an alternative. Click here to listen at 18.20 minutes in The programme concerned Pam Pearson, a leaseholder whose flat was left cold and damp after a cavity wall outfit […]
– lawyers want amendment to Consumer Rights Bill – last chance to contact CMA Conveyancing leasehold lawyers are demanding changes in law to stop freeholders and managing agents cashing in on sales of leasehold property. The Conveyancing Association estimates that there are £80 million in charges every year in the transactions of 300,000 flats.