The Sunday Times returned to considering leasehold yesterday and made its most damning assessment yet. The a powerful article by columnist Martina Lees considered the case of Lisa and Ray Chapple, aged 34 and 35, living in a terraced house bought off-plan seven years agon. With £250pa ground rents courtesy of Taylor Wimpey they will […]
LKP was asked to reply to a reader’s inquiry by the Property section of the Sunday Times at the weekend. They are a monetising scandal whereby a plc housebuilder rips off its customers by creating an income stream at their expense for often shady investors. Worse, taxpayers have been gulled as well as many mortgages are […]
Both the FT and the Sunday Times are suggesting that the hedge-funders who took on the debt at McCarthy and Stone could be in for a killing if it floats next year for £500 million. Both papers report that says hedge fund owners pumped £367 million of equity and a five-year loan to slash borrowings.
The case of Dennis Jackson, 74, who came within a hair’s breadth of losing his Battersea flat at Plantation Wharf in a forfeiture action earlier this year, featured in the Sunday Times on November 24. The case is still on-going as Jackson is trying to sell his flat, on the market for £800,000, to pay […]
Depressing news for anyone living in a leasehold flat: buying up freeholds is one of the best ways the wealthy can increase their wealth, according to the Sunday Times. One fund rose 5.8 per cent last year. This means freeholds are an attractive alternative to artworks or stamps, although London parking spaces have shown a return of […]