Martin Paine £8,000 a year ground rent scandal

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Sebastian O’Kelly
Martin Boyd
sok@leaseholdknowledge.com
martin.boyd@leaseholdknowledge.com

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Law Commission: ‘We want to hear about problems in leasehold law’

LKP met Professor Nick Hopkins, the Law Commissioner concerned with property law, at Westminster yesterday. The meeting, held by Sir Peter Bottomley and Jim Fitzpatrick – the MP patrons of LKP – and trustees Martin Boyd and Sebastian O’Kelly – concerned issues surrounding leasehold law as part of the 13th law reform consultation which launched […]

Labour to cap ‘legalised extortion’ of ground rents and end leasehold houses … Opposition and government now compete to reform leasehold

Survey on onerous ground rent data. Please fill this in if you have a leasehold house with exploitative ground rent terms The four-year campaign of the Leasehold Knowledge Partnership to reform leasehold has taken a surge forward this week. Today Labour said that it will cap charges that leaseholders pay in ground rents, and set […]

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98% of rip-off lease sales broke consumer protection rules, says Conveyancing Association

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 […]

Last year: £64.8bn leasehold properties sold. £13.7bn was new-build. Leasehold house numbers double. Developers make £300-500 million a year from ground rent sales

Land Registry data shows the scale of the leasehold market ¬ and reveals the importance of freehold sales to housebuilders. Research by the Leasehold Knowledge Partnership shows that £64.8 billion of leasehold sales were registered in 2015. £13.73 billion of that was new-build residential property. From this information, we can roughly estimate the level of […]

Beech Developments sets off customer mutiny in Wales with grasping ground rents

Survey on onerous ground rent data. Please fill this in if you have a leasehold house with exploitative ground rent terms Leasehold game-playing has spectacularly backfired for Beech Developments at its Gwel y Mynydd site in Llandudno Junction. The small-scale housebuilder decided to build the houses leasehold, which cost around £250,000, with escalating ground rents: […]

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Tchenguiz, Astor and offshore freeholders like Abacus Land 4 Limited should PUBLICLY meet over Grenfell cladding, MPs told

Sir Peter Bottomley urged government to hold a public meeting and call in Vincent Tchenguiz, William Waldorf Astor and the offshore owners of residential freeholders to resolve the Grenfell cladding issue. He told Communities Secretary Said Javid: “This week saw the first proper tribunal decision, regarding Citiscape in Croydon, which is owned by the Tchenguiz […]

John Healey says it’s ‘wrong’ for leaseholders to have to pay to remove Grenfell cladding

Labour shadow secretary for housing John Healey says it is ‘wrong’ that ordinary leaseholders are being dumped with huge bills to remove Grenfell Tower cladding from private blocks of flats. In a letter to Communities Secretary Sajid Javid (below) he writes: “It is surely wrong that residents have to pay for these essential works. Rather […]

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‘If I fail to offend anyone, I will do it next time,’ Bottomley tells appalled LEASE annual conference

Leasehold sector insiders were aghast at the address given by Sir Peter Bottomley on Wednesday at the Leasehold Advisory Service “annual conference”. The event was packed with surveyors, valuers, lawyers and property managing agents paying £350 a head to attend what has until now been the most important trade show of the sector. Earlier housing […]

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Martin Paine £8,000 a year ground rent scandal

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