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You are here: Home / Martin Paine £8,000 a year ground rent scandal

Martin Paine £8,000 a year ground rent scandal

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What is LKP?

The All Party Parliamentary Group for leasehold and commonhold reform ceases with the dissolution of Parliament. But we will be back after the election …

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

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Press

Redrow: ‘shoddy workmanship and leasehold games’, but bumper profits from Help To Buy

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MPs don’t like what they see …

Questions from APPG attendees: Ground rent sale prices have risen tenfold since 2007

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 […]

Huw Merriman calls for zero ground rents for retirement leasehold at prime minister’s questions

Tory MP Huw Merriman called for zero ground rents for retirement housing at prime minister’s questions today. He talked of pensioners trapped in McCathy & Stone properties, which have fast depreciating values. He named Vincent Tchenguiz, whose Tchenguiz Family Trust in the British Virgin Islands ultimately owns the old McCarthy and Stone freehold book, and […]

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Ground rent scandals

MailOnline forensically examines Taylor Wimpey couple stuck in leasehold house with £590pa to Adriatic Land

MailOnline features a couple who bought a £150,000 house off Taylor Wimpey who were promised the freehold at ten times the £295 annual ground rent. But now the price has soared and Andrea, 35, and Roi Millward, 30, at Speakman Gardens, Prescot, Merseyside, cannot afford the freehold. Evidence provided by MailOnline indicates an error may […]

Marie Rimmer MP: how can a modest Taylor Wimpey leasehold house in St Helens pay out £185,850 to freehold investors over 60 years?

… It is unsellable, say leaseholders … Taylor Wimpey assistance scheme a ‘publicity stunt’ … and why has the freehold ownership transferred FOUR times? 2009 Taylor Wimpey 2012 UK Ground Rent Estates (3) Ltd & Wilson Connolly Ltd 2015 Adriatric Land 2 (GR2) Ltd 2017 Adriatric Land 1 (GR2) Ltd Taylor Wimpey leaseholders in St […]

Pensioner paid £38,000 for Taylor Wimpey freehold to ground rent speculators E&J Capital Partners

(… and he paid another £4,000 in fees) A 79-year-old pensioner in Clitheroe paid £38,000 to buy the freehold to his Taylor Wimpey leasehold house to ground rent speculators E&J Capital Partners. He also paid out another £4,000 in legal and other fees: his own, and E&J’s. Now he has been told by Taylor Wimpey […]

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Grenfell cladding

Slough Council v Benji the Binman over Grenfell cladding costs at Nova House

Slough Council – which made the unaccountable decision to buy the freehold of Grenfell cladding site Nova House for £1 – was in tribunal earlier last week against a formidable opponent, Benjamin Pell, better know to journalists as Benji the Binman. Mr Pell, who came to national attention after raiding the dustbins of London’s leading […]

Grenfell cladding leaseholders form campaign group

A campaign group of leaseholders in private blocks with Grenfell cladding is being formed. It is calling itself the UK Cladding Action Group: UKCAG and can be contacted here: ukcladdingactiongroup@gmail.com LKP welcomes the initiative and will do all that it can to assist. The Guardian reports: “Only 10 of the 173 private buildings discovered with […]

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When leaseholders unite …

Why does it take 60% of leasehold residents to create a tenants’ association – and only 30% of his constituency to elect Housing Minister Mark Prisk?

The Leasehold Knowledge Partnership is strongly urging Housing Minister Mark Prisk (right) to change the rules to recognise tenants’ associations, as leasehold residents’ associations are formally known in law. At present they can only be set up when 60 per cent of the residents ask for one to be recognised by their freeholder. This is a […]

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Disgraceful …

Stop auction of ‘worthless’ flat at Blythe Court and alert authorities, Commons asked

Sir Peter Bottomley has urged the Commons to intervene in the auction sale of Flat 1 Blythe Court, where the freeholders and managers are Martin Paine and his wife Anne Kirmond. Flat 1 Blythe Court is up for auction with Barnard Marcus on February 2 in central London with a guide price of £65,000. Sir […]

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RSS Latest news from Better Retirement Housing

  • The Times says families ‘lost £3 billion’ on resales of leasehold retirement flats, while developers and freehold speculators made millions
  • Churchill Retirement donates £150,000 to Conservatives. To retain ground rents, by any chance?
  • Guardian reports dismal retirement flat re-sale prices, as seller ponders £28,000 offer
  • Your Housing Group shared equity retirement flat that sold for £38,000 on ITV
  • Elderly Accommodation Counsel says ‘recent retirement flat resales have increased in value’

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