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James Tuttiett: I have lost two buyers of my flat through ground rent scams. Can you hurry up changing my terms?

October 12, 2017 By admin

A leaseholder trying to sell a flat in Lightwater in Surrey has asked James Tuttiett, the CEO of E & J Capital Partners to hurry up with changing doubling ground rents to ones linked with RPI. So far Shelly Westbrooke has lost two buyers of her flat because of the lease terms at John Norman […]

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Please exempt retirement housebuilders from ground rent ban, pleads Sir Desmond Swayne

Senior Tory MP Sir Desmond Swaine has pleaded with the Communities Secretary to consider exempting volume retirement housebuilders from the ban on new ground rents. The MP for New Forest West – coincidentally not far from McCarthy and Stone’s Trump-style HQ in Bournemouth – asked in the Tuesday housing debate: “On new build leaseholds, is […]

A second backbench debate on leasehold issues

An application for a backbench debate on leasehold issues is due to be heard on Tuesday 21st November 2017 http://www.parliament.uk/business/committees/committees-a-z/commons-select/backbench-business-committee/ The application asks the committee to consider: The APPG on leasehold and commonhold reform continues to grow and to date has 127 members. Government recently issued both a consultation and a call for evidence on […]

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71% of leasehold house buyers used developer recommended solicitors

We estimate that 37,960 leasehold houses have been registered on the Land Registry since 2010. It has hugely increased: 3,420 leasehold houses were registered in 2010; that became 8,775 in 2015. Figures for 2016 are still coming through. They are 8,230 to date, but we are only getting into December registrations now. Since we began […]

Pete Redfern tells LKP how Taylor Wimpey will sort the ground rent scandal

Pete Redfern (left), the CEO of Taylor Wimpey has just sent the following email (below) to LKP. Taylor Wimpey proposes to vary the leases to “convert existing doubling leases to an alternative lease structure, specifically incorporating materially less expensive ground rent review terms”. LKP urges caution on the part of leaseholders to accept any deal […]

Did government cop-out on retirement ground rents stuff new thinking in the sector?

The new chief executive of McCarthy and Stone John Tonkiss is delighted the government has caved in over retirement housing ground rents, while announcing strategic changes that were prompted by the prospect of this reform. The company argued strongly in favour of ground rents because it was disadvantaged by having to provide communal areas at […]

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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 […]

£3m Grenfell cladding bills fall on residents at Lendlease’s Cypress Place and Vallea Court

The property tribunal last week dumped the cost of removing Grenfell cladding on the residents at Cypress Place and Vallea Court in Manchester’s Green Quarter, which were built by Australian builder Lendlease. And Vallea Court pays for the “waking watch” fire marshals. In addition, the tribunal declined to issue a section 20c order, which means […]

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Martin Paine demanded ground rents of thousands from two London leaseholders

[pro_ad_display_adzone id=”11520″ popup=”1″ delay=”7″ exit_popup=”1″ popup_opacity=”0.3″]It is not just Blythe Court … two London leasehold owners also faced demands of thousands of pounds in unexpected ground rents after purchasing flats in different parts of the capital. The leaseholders came forward following the publication last month by the Leasehold Knowledge Partnership of the issues at […]

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James Tuttiett: I have lost two buyers of my flat through ground rent scams. Can you hurry up changing my terms?

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