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You are here: Home / Archives for informal lease extension

Leasehold houses have at last got the scandal of ground rents into the nation’s consciousness. But this is much worse …

July 31, 2017 By admin

Thousands of leaseholders who signed informal lease extensions – or bought flats with them – are going to see the value of their properties fall, and the nesteggs they put aside for their old age fall away. This is the greatest scandal in leasehold and it is only a matter of time before it unravels […]

Filed Under: Latest News, Louie Burns, News Tagged With: informal lease extension, Louie Burns

Informal lease extensions are pure poison!

August 2, 2016 By admin

  Negotiating with freeholders to get an informal lease extension deal is utter madness for most leaseholders. You can trash the value of your flat with a bargain offer that seems too good to refuse … and for lawyers a quick deal is easy money, with no repercussions (for them). Louie Burns, of Leasehold Solutions, distils […]

Filed Under: Informal lease extension, Latest News, Lease Extension, Louie Burns, News Tagged With: informal lease extension, lease extension, Leasehold Solutions, Louie Burns

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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MPs don’t like what they see …

Sajid Javid has thought about leasehold property management and does not like what he sees …

Sajid Javid’s speech came with a lot of schmoozing but was a devastating critique of modern property management by someone who has at last understood these issues You can respond to Mr Javid’s ‘Call for evidence’ of leasehold property management here: Protecting consumers in the letting and managing agent market: call for evidence – GOV.UK […]

Leasehold mediation from commercial operators backed by government

Both Eric Pickles and Housing Minister Brandon Lewis gave a final “vote for us” message to leaseholders earlier this week with a resume of their achievements. In truth, they add up to very little and the only real reason not to vote against the government is because of almost no sign of life on leasehold […]

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Ground rent scandals

Ground rent strike ‘a very real possibility,’ reports Daily Telegraph

Please fill in survey on leasehold house scandal and onerous ground rents for presentation at All Party Parliamentary Group meeting, March 22  The Daily Telegraph ran a powerful article by journalist Emma Lunn on the leasehold houses scandal on Saturday airing the possibility of a nationwide “ground rent strike”. The notion was aired by Sebastian O’Kelly, […]

Guardian sticks with new-build ground rent scandal, while LKP advises Persimmon home buyers to walk away

By Sebastian O’Kelly (This article is bylined in order to declare an interest as the author is a shareholder in Persimmon and Barratt) If Taylor Wimpey, Persimmon, Bellway and other developers playing the angles of leasehold thought the row over cheating ground rents would go away, they must be disabused by now. Today The Guardian […]

Has Brokenshire trashed Sajid Javid’s reforms of leasehold?

  October 14 2018 UPDATE: On January 29 2019 Communities Secretary James Brokenshire held a round table with leaseholder groups, assuring them that zero ground rents were on the table. Sebastian O’Kelly, of LKP and www.BetterRetirementHousing.com, argued for retirement housing also to lose its exemption from any ground rent ban.  This week we should have […]

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Grenfell cladding

Government thinking freeholders are paternalistic long-term custodians of a building is where it has gone wrong over Grenfell cladding

Sorry, they are just speculators in it for the enforceable income By Martin Boyd Translating freeholder or landlord as “building owner” is a bad idea that has led government to make a mess of its efforts to resolve the issue of Grenfell cladding on private sites. LKP explained to both Dame Judith Hackitt and the […]

Lendlease caves in over £5m Grenfell cladding bills at Vallea Court and Cypress Place

In yet another retreat by plc house builders, the Aussie giant Lendlease is stumping up to pay to remove the Grenfell cladding at Vallea Court and Cypress Place, in Manchester’s Green Quarter. Before government ministers start talking rubbish about “freeholders doing the decent thing” – or worse, describing these speculators in residential freehold income streams […]

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When leaseholders unite …

Tower Hamlets Homes spends thousands to thwart recognised tenants’ association

Tower Hamlets Homes is spending thousands of pounds of taxpayers money on lawyers to thwart private leaseholders from forming a recognised tenants’ association. This is the sort of manoeuvre adopted by some of London’s most secretive and well resourced landlords, not the housing branch of a local authority. The only serious power a recognised tenants’ […]

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Disgraceful …

Martin Paine, embedded management companies, LKP … all raised in Queen’s speech debate

These issues were raised by Sir Peter Bottomley in the Queen’s Speech debate yesterday Let me turn to other issues that come up for Back Benchers. I pick up causes, one of which came about as a result of an incident in my constituency regarding leasehold, when some elderly, frail and poor people found themselves […]

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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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