The level of media interest in leasehold problems continues to grow. There is now regular coverage in: the Sunday Times, The Times, the FT, the Guardian, the Telegraph and the Daily Mail.
BBC Breakfast returned to the issue recently to interview new LKP trustee, Jo Darbyshire, and Director of the Conveyancing Association, Beth Rudolf, who is one of the few people in the sector willing to expose the developers’ behaviour or as the BBC put it “the developers have been pulling a fast one”.
This week saw this article in the Daily Mail:
Taylor Wimpey’s leasehold redress fund has only spent one tenth
House builder Taylor Wimpey was one of the developers that hit homeowners with sky high fees and escalating ground rents when they bought new houses It launched a £130million redress scheme in April 2017 to help those affected But so far, only £11.2million of the money has been spent helping customers The developer says many customers are yet to apply House builder Taylor Wimpey pitted itself as one of the good ones when it set aside £130million to put right the situation it had created for thousands of British leaseholders.
Today there’s an article in the Sunday Times looking at the potential problems relating to shared ownership and leasehold.
The scandal of shared ownership schemes
Getting the keys to a home of your own is a moment no one ever forgets. Yet for Alex Tan, buying his first flat has become memorable for all the wrong reasons.
BBC Radio 4 Moneybox covered leasehold on Saturday, asking why can’t England learn a lesson from Scotland (where they have removed leasehold)?
BBC Radio 4 – Reforming Leasehold Law – The Scottish Way
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Our favourite article of the week, however, goes this bit of social media. The sector will probably argue is another supposedly “ranty” leaseholder. The sector is very keen to suggest that leaseholders don’t understand and just get angry, but then maybe leaseholders have a very good reason to get angry?
We all know that lots of developers have made claims during the sales process that ‘somehow’ never appeared in writing, and which are then not honoured. This leaseholder was told, before purchasing, that they could buy the freehold of their leasehold house for £500, but only after he’d purchased. The £500 became £9,000, but this is a leaseholder who did not give up.
Sheepdog sums it up…. Developers have a lot to answer for!
The pressure is certainly mounting.
I know freeholders are hoping we are going to get bored and fizzle away but I can assure you that is not going to happen.
The National Leasehold Campaign (NLC) now has well over 12k members. People are egor to tell their stories to the press. The group is extremely active.
We have press contacting us daily asking for case studies.
We may not have the millions to lobby government in the same way freeholders do but we have one thing that no amount of money can pay for and that is People Power and the truth.
We have yet again ANOTHER consultation to work through. But we will get on with it and ensure our voices are heard.
We will never give up !!!
Katie (Founder of the NLC).
I could not agree more…let’s keep up the pressure everyone!
Seems HMG is finally ready to ban flammable cladding? Only took them a year and a bit despite multiple horrific deaths. Why not next day?
Seems it takes a lot to shift governments when it comes to their ideological instincts?
I find it hard to trust that a UK Parliament will really reform such a lucrative leasehold model. The apparent rights of those who invest a minority stake in the freeholds seems to override any glaring injustice to those who innocently invest far more in the other side of a one-sided equation hoping to buy a home..
Well done to NLC and LKP for applying a resolute blowtorch on many grasping fingers.