Inflated “fleecehold” private estate management contracts came under scrutiny yesterday in the Commons yesterday, as exasperated MPs yet again waded-in to our tax-payer subsidised house builders. The debate was called by Helen Goodman, Labour MP for Bishop Aukland, (above) who described the proliferation of private estate income streams as “a scandal. There has clearly been mis-selling.” […]
‘Fleecehold’ petition launched to stop housebuilders creating YET ANOTHER revenue stream from their customers
The Home Owners Rights Network – Hornet https://www.homeownersrights.net/ – is petitioning government to end the “fleecehold” racket. This is where house builders have created management companies for assets such as roads, lighting and drainage on new estates. Local authorities are delighted to be spared the expense, and the nation’s plc housebuilders have seen the angles of […]
We are being ripped off by private estate charges by developers and property predators just like leaseholders, says HORnet
Thousands of homeowners on new build estates are facing escalating management charges for unadopted roads and patches of ground. Speculators are hoovering up these assets for the lucrative income streams, enforced through covenants on freehold houses and lease terms in leasehold properties. A campaign group called the HomeOwners’ Rights Network is asking the All Party […]
