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BBC R4 Today programme hears of ‘venal, greedy housebuilders’ playing the angles of leasehold

April 10, 2017 By admin

The influential BBC R4 Today programme this morning devoted five minutes discussing the ground rents housing crisis. It can heard here at 2:32 It featured a report of leasehold house owners in Clitheroe, Lancashire, who had bought their properties from Taylor Wimpey. Leaseholder Andrew Henderson told the programme that the ground rents doubled every ten […]

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MPs tell government consultation: End leasehold houses. Scrap new ground rents. Ignore pleas for self-regulation. Ban Help To Buy on rip-off leaseholds

Self-regulation and codes of conduct have failed. Bring in commonhold and end the leasehold rip-offs. APPG pays “public tribute” to the work of LKP in revealing these abuses “LKP have helped hundreds of leaseholders keep their homes and continue to do so with very limited resources,” it says. Leasehold Sector ‘cannot be trusted’ All Party […]

We are being ripped off by private estate charges by developers and property predators just like leaseholders, says HORnet

Thousands of homeowners on new build estates are facing escalating management charges for unadopted roads and patches of ground. Speculators are hoovering up these assets for the lucrative income streams, enforced through covenants on freehold houses and lease terms in leasehold properties. A campaign group called the HomeOwners’ Rights Network is asking the All Party […]

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Pensioner paid £38,000 for Taylor Wimpey freehold to ground rent speculators E&J Capital Partners

(… and he paid another £4,000 in fees) A 79-year-old pensioner in Clitheroe paid £38,000 to buy the freehold to his Taylor Wimpey leasehold house to ground rent speculators E&J Capital Partners. He also paid out another £4,000 in legal and other fees: his own, and E&J’s. Now he has been told by Taylor Wimpey […]

Ground rent scam ‘creates new asset class,’ says Ruth Cadbury

And leasehold reform is Labour’s ‘unfinished business’ Ruth Cadbury (Brentford and Isleworth) (Lab) I congratulate my hon. Friend the Member for Poplar and Limehouse (Jim Fitzpatrick) and the hon. Member for Worthing West (Sir Peter Bottomley) on securing this important debate, and thank them for their work with the all-party parliamentary group on leasehold reform. […]

E&J Capital Partners ‘compelled’ to sell freehold to Taylor Wimpey house to pensioner for £38,000 (plus £4,000 costs)

Ground rent speculators E&J Capital Partners were “compelled” to sell pensioner Trevor Nowell the freehold to his Taylor Wimpey leasehold house for £38,000. Once Mr Nowell, 79, began the enfranchisement process, the valuation of the property’s freehold was decided by the professional advisors employed for both sides (which Mr Nowell ended up paying for, as […]

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Blenheim Centre flat owners to be spared £20,000-30,000 each on Grenfell cladding bill, Legal & General tells LKP

Legal & General has announced that it will pick up the entire, multi-million pound cost of removing the Grenfell-style cladding at flats above the Blenheim Centre in Hounslow, west London, it has informed LKP. This means that the 334 residential leaseholders at the flats, called Reflexions, will be spared repair bills estimated between £20,000 and […]

House of Commons briefing to MPs on Grenfell Cladding: contact LKP

The House of Commons Library today advises MPs and constituents to contact LKP – as well as the Leasehold Advisory Service, which has received extra funding to deal with the issue. The policy is rather different to government’s: LKP has briefed civil servants and advisors numerous times over this issue. But it has never advised […]

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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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Commons leasehold debate. December 20 2016

The Commons debate on leasehold reform took place after the intervention of LKP patrons Jim Fitzpatrick and Sir Peter Bottomley. The debate can be seen here: http://www.parliamentlive.tv/Event/Index/fc53bd87-8abf-4986-b7ce-6a7a488b8cfc The debate can be read here: https://hansard.parliament.uk/commons/2016-12-20/debates/4F15110B-F6D5-4FA1-9154-536BD848130E/LeaseholdAndCommonholdReform The catalyst was the scandal of Taylor Wimpey selling homes between 2007-2011 with doubling ground rents and then selling the freeholds […]

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BBC R4 Today programme hears of ‘venal, greedy housebuilders’ playing the angles of leasehold

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