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Barclays turns down mortgage on flat where ground rent doubles every 25 years

By admin on Nov 22, 2017 10:49 am

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The fallout of the ground rent scandal is blighting homes that don’t even have particularly onerous ground rents. This is causing distortion in the housing market and misery for homeowners who did not believe that the ground rents to their properties would be classed onerous. LKP has been contacted by a young flat owner whose […]

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Pathetic efforts by plc housebuilders to address ground rent scandal exposed on TV

By admin on Nov 22, 2017 10:19 am

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The efforts of Taylor Wimpey, Countryside Properties plc and the ground rent speculators to address unfair lease terms were exposed as public relations posturing on TV this week. The in-depth programme was made by independent producer Renegade Inc, and it goes out on Russia Today, YouTube and other media. It can be viewed here: Britain’s […]

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We are dissatisfied with the running of LEASE, APPG chair tells housing minister

By admin on Nov 21, 2017 06:37 pm

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Earlier this afternoon two of the co-chairs of the Leasehold and Commonhold Reform All Party Parliamentary Group made a submission to the backbench business committee for a debate on leasehold and commonhold issues. At approximately 2:47 Sir Peter Bottomley states that he wishes to “place on the record we are dissatisfied with the running of […]

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Sebastian O’Kelly addresses retirement property managers. Were you lynched? No, they agreed: leasehold ‘granny flats’ have no future

By admin on Nov 21, 2017 06:04 pm

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Not a single voice was uttered in favour of the leasehold volume retirement flat model at the annual conference of the Association of Retirement Housing Managers last week. The keynote speaker was Sebastian O’Kelly, joint trustee of LKP and director of www.BetterRetirementHousing.com, who said: “The era of knocking out “granny flats”, loading the leases with […]

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

By admin on Nov 20, 2017 06:34 pm

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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 […]

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Why has it taken so long to regulate the leasehold sector?

By Admin2 on Nov 19, 2017 05:38 pm

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For over a decade successive Housing Ministers and Secretaries of State have been assured by civil servants that leasehold legislation was balanced, and that self-regulation in the leasehold sector was working well. That position abruptly ended earlier this year when Secretary of State Sajid Javid announced that the government now intended to crack down on […]

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A second backbench debate on leasehold issues

By Admin2 on Nov 19, 2017 12:46 pm

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An application for a backbench debate on leasehold issues is due to be heard on Tuesday 21st November 2017 http://www.parliament.uk/business/committees/committees-a-z/commons-select/backbench-business-committee/ The application asks the committee to consider: The APPG on leasehold and commonhold reform continues to grow and to date has 127 members. Government recently issued both a consultation and a call for evidence on […]

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Parliamentary group for leasehold and commonhold reform now has 128 members

By Admin2 on Nov 11, 2017 06:00 pm

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Current number of members 128 + 6 friends Updates this month: 01/11/17 Tony Lloyd MP joined 02/11/17  Sir Edward Lee joined 02/11/17 Lyn Brown joned 03/11/17 Steve Reed joined 15/11/17 Teresa Pearce joined Listed below are the members of the All Party Parliamentary Group looking into Leasehold and Commonhold reform in the new parliament. The […]

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Leasehold houses have been sold for more than freehold ones, reports Telegraph

By admin on Nov 10, 2017 11:37 am

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The Daily Telegraph today reports data that shows that prices for new leasehold houses have risen faster than those for new build freehold ones. The average leasehold house currently costs £256,100, a 4.3pc rise on 2016, while freehold house prices have only risen 2pc to £306,550, it claims. LKP research shows that (initial) prices for […]

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