The Commons debate on leasehold reform took place after the intervention of LKP patrons Jim Fitzpatrick and Sir Peter Bottomley.
The debate can be seen here: http://www.parliamentlive.tv/Event/Index/fc53bd87-8abf-4986-b7ce-6a7a488b8cfc
The catalyst was the scandal of Taylor Wimpey selling homes between 2007-2011 with doubling ground rents and then selling the freeholds off to the usual shadowy, monetising enthusiasts, such as E and J Capital Partners, which was named in the debate.
This was initiated by the Leasehold Knowledge Partnership, which was named 12 times during the debate by different MPs and the housing minister. Patrick Collinson, the Money Editor of the Guardian took up the issue and stuck with it over a series of articles.
LKP wishes him a very Happy Christmas, and here is his report of the Commons debate
Taylor Wimpey has now undertaken to cease building leasehold houses, and the New Year will begin with scrutiny of the leasehold monetising enthusiasms of the other housebuilders such as Bellway, Redrow and Persimmon, whose leasehold houses are found all over the country.
That the purchase of many of these properties with onerous ground rents are assisted by the Help To Buy scheme was a point not lost on the Commons.
Justin Madders (Labour, Ellesmere Port and Neston) made a superb, detailed and authoritative speech on this topic, naming Taylor Wimpey, Bellway and Redrow.
There was little evidence of the usual housebuilders lobbying at the speech, with even the housing minister being sharply critical.
Jim Fitzpatrick brilliantly outlined the bullying to which leaseholders are subject to by “billionaire” John Christodoulou and his lawyer David Marsden at Canary Riverside, in his London Docklands constituency, who were both named.
Sir Peter Bottomley fulfilled his promise to name leasehold gameplayers: Martin Paine was described as a “crook”; Benjamin Mire was said to be unfit to be a member of RICS; Roger Southam, the chairman of LEASE was also named.
He referenced the Mundy court case challenging the freeholder-dominated valuation system for short leases. Chartered surveyor James Wyatt, of Parthenia Valuations, is taking this to the Court of Appeal in the summer. Sir Peter suggested a government impartial valuation model, untainted by commercial interests.
Oliver Colvile (Conservative, Plymouth Sutton & Devonport) discussed the right to manage frustrations of Elim Court, where pensioners face a Court of Appeal showdown, and Regent Court, where pensioners had to pay £140,000 for an uninsured roof.