LKP trustee and former Bank of England economist Dean Buckner features in Private Eye this week warning of pension exposure to residential property equity release products. Dr Buckner, who retired from the bank’s Prudential Regulatory Authority last year has been working with Professor Kevin Dowd, of Durham University, to raise concerns whether equity release providers […]
Is the Bank of England pandering to freeholders over punitive lease valuations?
The Leasehold Knowledge Partnership is concerned that the Bank of England is pandering to the commercial interests in the multi-billion pound leasehold sector by supporting lease valuation models weighted in the landlord’s favour. In a study of valuations for equity release mortgages, the Bank of England has naively accepted the leasehold sector’s punitive so-called “deferment […]
How scam values on equity release loans affect leaseholders. And YOU need to stop it …
With their legally enforceable income streams – and extreme vulnerability in legal disputes – leasehold properties are the basis of a multi-billion pound speculative business. Now the flawed, freeholder-friendly model of valuing leasehold deferment rates are sneaking into the dubious equity release loan market. Here an ex-Bank of England economist explains to LKP readers his […]
