We have to end the horror of this feudal leasehold system The entire parasitic structure of leasehold in England and Wales is, finally, beginning to wobble – and with a bit more prodding we could see it crash. The long campaign led by Sebastian O’Kelly at the Leasehold Knowledge Partnership has had its first success, […]
Taylor Wimpey refused today to provide information about the properties it sold with doubling ground rents at its sites built between 2007 and 2011. Pete Redfern informed LKP trustees Martin Boyd and Sebastian O’Kelly this morning: “… we do not think it is appropriate to disclose specific information around sites or post codes linked to […]
Under the headline “Does it add up?”, The Sunday Times exposed ever escalating service charges in an excellent, well researched article by journalist Hugh Graham published yesterday. Property buying agent Paul Bailey was quoted saying that ever escalating service charges are under-mining capital values in prime London sites. “It does not matter to the billionaire […]
– Sector insiders paying £350 each at LEASE’s ‘annual conference’ are told by housing minister Gavin Barwell that leaseholders are the priority – It will be given the funds to do its job properly without pandering to the commercial interests in leasehold – Onerous ground rents wrong, says minister. But chartered surveyor valuers tell audience how to […]
LKP met Professor Nick Hopkins, the Law Commissioner concerned with property law, at Westminster yesterday. The meeting, held by Sir Peter Bottomley and Jim Fitzpatrick – the MP patrons of LKP – and trustees Martin Boyd and Sebastian O’Kelly – concerned issues surrounding leasehold law as part of the 13th law reform consultation which launched […]
The Leasehold Knowledge Partnership held a roundtable meeting last week to address commonhold, the form of flat ownership that prevails in the rest of the world – and has failed to make any inroads into England and Wales. These are the only two countries in the world where flats are sold on long tenancies […]
Two veteran MPs from rival parties demanded reform to residential leasehold at a packed Westminster meeting yesterday attended by 75 prominent figures in the sector. Sir Peter Bottomley (Conservative, Worthing West) and Jim Fitzpatrick (Labour, Poplar and Limehouse) jointly hosted the session having both urged amendment to the Housing Bill. The meeting was attended by […]
The Campaign against Residential Leasehold Exploitation has been right to expose “expose the outrageous behaviour of cowboys” in the retirement housing sector, the Law Commissioner Stephen Lewis told MPs and key leasehold figures at Westminster. The Law Commissioner, who is presiding over an inquiry into leasehold “event fees” (triggered by events such as sale or […]
Brandon Lewis, the housing minister, this week met the Leasehold Knowledge Partnership /Campaign against Residential Leasehold Exploitation, accompanied by its patron MPs Sir Peter Bottomley and Jim Fitzpatrick. The meeting covered the following: Lease forfeiture: LKP says this nuclear weapon of freeholders should be ended as it can give rise to unjustifiable cash windfalls. No […]
Seventy key figures in the leasehold sector – including some battle-scarred leaseholders – attended a packed Westminster briefing yesterday to hear how leasehold could be reformed. The meeting was hosted by MPs Sir Peter Bottomley and Jim Fitzpatrick, and chaired by Martin Boyd, of LKP. It included presentations from Phillip Rainey, QC, of Tanfield Chambers, […]
A complaint about Peverel Retirement is being considered by ARMA regulator Keith Hill even before the trade body rules on whether it meets the criteria of ARMA-Q. The complaint comes from Alex Ellison, whose mother lives in Mere Court, in Knutsford, Cheshire. It concerns Peverel’s ownership and disposal of house managers’ flats.
Most flat owners remain excluded from Flood Re, the government’s scheme to ensure that flood-prone properties are covered by some form of insurance. LKP has written to DEFRA Minister Dan Rogerson expressing its strong disappointment. Flood Re is a government-brokered deal with insurers that aims to ensure that those in homes at risk of flooding […]
Sir Peter Bottomley, the Rt Hon Ed Davey and Jim Fitzpatrick have agreed to be patrons of the Leasehold Knowledge Partnership, which are now formally a charity and is in the process of obtaining recognition by the Charity Commission. The involvement of the three MPs – one in the Cabinet and two ex-ministers – representing […]
– Only 131 retirement leaseholders quizzed – 17 leaseholders ONLY discussed Property Tribunal – MORI has to correct criticism of LKP leasehold figures (which are accepted by DCLG) – BUT poll does confirm that there is more contentment when leaseholder manage their sites in an RTM or RMC compared with those that are freeholder-controlled Alarm […]
Following consideration of LKP data, the government has today accepted that that the leasehold sector is far larger than was thought: there are 4.1 million leasehold properties in the private sector in England. This is a 66 per cent increase on previous estimates of 2.5 million.
By Martin Boyd Following on from LKP’s Westminster meeting on commonhold last month, Guy Fetherstonhaugh, QC, has written an interesting article published in Estates Gazette. Reproduced with its permission, the article highlights the relative merits of the commmonhold versus leasehold systems.