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You are here: Home / Archives for Money Week

Don’t buy leasehold, says Merryn Somerset Webb of Money Week, but …

September 5, 2018 By admin

This is robust advice from the financial journalist Merryn Somerset Webb and it’s not wrong, but … Some people have to live in flats, which are (quite unnecessarily) sold as leasehold in England and Wales: the poor, the single, those seeking to live in the centre of cities. Commonhold is a perfectly sensible alternative. In […]

Filed Under: Latest News, News, Press, William Waldorf Astor Tagged With: Merryn Somerset Webb, Money Week

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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Press

Peterborough by-election Brexit Party candidate was director of E&J Ground Rents

Full Press archive

MPs don’t like what they see …

Justin Madders Bill: 10x annual ground rent and the freehold is yours … Anyone got a problem with that?

Justin Madders, the Labour MP for Ellesmere Port and Neston, has unveiled his Bill to short-circuit the smokes and mirrors calculations of the leasehold sector and allow leaseholders to buy their freeholds for 10x annual ground rent. The Bill – in the extraordinary event that it is accepted – will render further Law Commission consultation […]

Guardian’s Patrick Collinson says ‘time to reform leasehold in entirety’

The first speaker at the APPG was Patrick Collinson, Money editor, at the Guardian, who has been campaigning with this story over the past month and half. Although Mr Collinson kindly acknowledged the activities of LKP, he was first alerted to doubling rents by his 90-year-old father. The latter was advising Mr Collinson’s brother on […]

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Ground rent scandals

Telegraph reports case of Taylor Wimpey pensioner who has paid £38,000 for his freehold … and now won’t help him

‘Not brilliant entrepreneurialism and wealth creation to leg over a 79-year-old pensioner’ – LKP The case of Trevor Nowell, 79, the former head teacher, 79, who paid £38,000 to buy the freehold on his £320,000 Taylor Wimpey house was published in the Telegraph yesterday. ‘Our freehold cost £38,000 – now we’re being denied compensation’ Leaseholders […]

Taylor Wimpey CEO says doubling ground rent scandal under ‘review’. But Bottomley asks: ‘Have innocent homebuyers been shafted?’

This afternoon Pete Redfern the CEO of Taylor Wimpey has responded to the All Party Parliamentary Group on leasehold reform saying that the issue of homeowners with doubling ground rents is under “review”. Mr Redfern’s full letter is below. He points out that the doubling ground rent leases, which LKP is aware apply to leasehold […]

Taylor Wimpey more greedy than the ground rent ‘Mr Smallweeds’ (and so are other plc housebuilders)

Survey on onerous ground rent data. Please fill this in if you have a leasehold house with exploitative ground rent terms Groundrentsforsale.com probably does not regard itself as dilatory in furthering the interests of freehold investors who feast off ground rents. Sounding like Dickens’ unappetising Mr Smallweed – “Shake me up, Judy!” – in Bleak […]

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Grenfell cladding

Croydon leaseholders at Citiscape face £750,000 bill to remove Grenfell Tower cladding

At least 20 private blocks affected Bills for fire marshals at one site have reached £16,000 a week Leaseholders in the Citiscape block of flats in Croydon face a £750,000 – £1 million bill to remove the same insulation cladding involved in the Grenfell Tower fire. Two fire marshals are employed 24/7 at £5,000 a […]

Campaign to get government to help fund Grenfell cladding removal

Today sees the launch of a campaign calling on the government to help fund the recladding of the private blocks impacted by ACM cladding led by InsideHousing in support of the UK Cladding Action Group (UKCAG). LKP is proud to help support this campaign along with many other groups and MPs including leasehold and commonhold […]

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When leaseholders unite …

Officials fail to stop LKP publishing legal opinions on flawed reform of Recognised Tenants’ Associations (RTAs)

A last minute attempt to stop LKP from publishing three legal opinions extremely critical of the government’s bungled reform to Recognised Tenants’ Associations failed last week. The government introduced a statutory instrument in October that has actually made the position of leaseholders worse. The failing was referenced in the Commons by Sir Peter Bottomley with […]

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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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