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You are here: Home / Archives for Liverpool Echo

Press reports how freehold doubled in price to £15,900 after being sold to Landmark Investments

June 7, 2019 By admin

The wider media have taken up the story of the Elan Homes leaseholder whose freehold doubled in price to £15,900 four months after being sold to ground rent speculators Landmark Investments Ian Rice’s case was reported by LKP on April 18, but this week it appeared in both the Liverpool Echo and the Mirror. Freehold […]

Filed Under: Latest News, News, Press Tagged With: Daily Mirror, Elan Homes, John Kendrick, Liverpool Echo, Mark Hawthorn, Mark Hawthornthwaite

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 …

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The reason why

McCarthy and Stone and Churchill: are you blackmailing government over the ground rent ban and is your business model broken? Asks BBC R4 MoneyBox

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Press

BBC Radio 4 on housing association leasehold … and a German asks: is it safe to buy a flat in London?

Full Press archive

MPs don’t like what they see …

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 […]

Baroness Gardner calls for leaseholders’ money held by managing agents to be protected

Following the conviction of fraudster Simon van Houten, 31, the Rendall and Rittner managing agent who will be jailed for stealing £122,000 next Thursday, Baroness Gardner of Parkes is calling for leaseholder funds to be protected. On Monday in the House of Lords, she is to ask the Government to introduce a transparent scheme, similar […]

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Ground rent scandals

Nationwide bans mortgages on doubling ground rent properties

The Nationwide building society – which is one of the top three mortgage providers in the UK – announced today that it will not lend on properties with doubling ground rent. “Unreasonable multipliers such as doubling every five, ten or fifteen years not allowed. Escalation should instead be linked to a verified index, such as […]

Dear Pete Redfern (again) … Opaque leases, dubious ‘independent’ legal advice, no contact from Taylor Wimpey during its ‘review’, normal industry practice to stuff clients with leasehold houses (especially in North West)

Devastating letter to Taylor Wimpey CEO from a member of the National Leasehold Campaign Facebook group: Dear Mr Redfern, I read with some interest the announcement and presentation of Taylor Wimpey’s Full Year Results for 2016, published last Tuesday, 28th February. There are a few issues I feel compelled to raise: 1. You state in […]

Countryside Properties plc cracks over ground rents scandal …

… it is buying back freeholds from investors … E&J Estates says it won’t buy more freeholds to leasehold houses … Oh, and it ‘fully supports’ the government’s consultation over the scandal UPDATE: It seems the deal only applies to 4-5 sites where E&J Capital Partners are the freeholders AND where ground rents double every […]

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Grenfell cladding

APPG hears agony of Grenfell cladding on private sites, while Lendlease sites head to tribunal to get leaseholders to pay

In the absence of anyone else doing anything, LKP organised the first meeting of private leaseholders in blocks with Grenfell style cladding … but developers like Lendlease stayed away. The meeting was the first opportunity for leaseholders in 297 tower blocks to meet and exchange information and support. No developers, warranty providers or freeholders turned […]

Sesame Apartments: Yet another anonymous Long Harbour freeholder demanding £2.2 million over Grenfell cladding

Labour MP for Battersea Marsha De Cordova is championing the cause of leaseholders facing bills of thousands of pounds at Sesame apartments. She told the Commons yesterday: “Leaseholders are still being left in limbo about whether they will be footing the bill. “But it is not leaseholders who have failed to upgrade buildings or cut […]

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When leaseholders unite …

West India Quay’s victory against £74,560 legal onslaught … for a recognised residents’ association

  Giving recognition to a residents’ association at the most exclusive apartment block in Canary Wharf posed the sort of “risks that you see with the trade unions”, the First-Tier Tribunal was told last Thursday. The remark was made by the freeholder’s professional witness, chartered surveyor Bruce Maunder Taylor – and was greeted with guffaws […]

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Disgraceful …

Guardian reports the Blythe Court ground rent scandal

The Guardian newspaper has today reported the Blythe Court ground rent scandal that has left leaseholders with bills of up to £8,000 a year. In 95 years the ground rents can reach £8 million a year for a one-bedroom flat bought for £58,000, says the article, written by Guardian staff reporter Rupert Jones. It quotes […]

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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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