The scandal of house builders dumping their clients in leasehold houses was aired on the BBCR2 Jeremy Vine Show on Tuesday.
These leases are designed to produce high income streams at the expense of ordinary home owners and are then the freeholds are flogged to speculators.
Routinely, these hide their beneficial ownership behind nominee directors and are based offshore, the Jeremy Vine Show was told.
The programme featured Katie Kendrick, of the National Leasehold Campaign, and then a debate between Sebastian O’Kelly, of the Leasehold Knowledge Partnership, and James Max, a chartered surveyor and former contestant in The Apprentice.
Mr Max is now a property pundit, with a show on Talk Radio.
Mr O’Kelly referenced Elan Homes offering to sell a freehold to a leasehold house in Liverpool for £7,500 – 30 times the £250pa ground rent – and then selling it to a speculator who three months later wanted more than 63 times annual ground rent.
The item on the Jeremy Vine Show was extensively referenced on Twitter.
The show can be heard here