Why is it ALWAYS the leaseholder controlled sites that come off worse with insurers?
It is almost as though there were a cosy cartel at work between monetising freehold owners and the insurers
And can we please have the delayed leasehold insurance investigation by the Financial Conduct Authority published now?
Leaseholders at Compass Point, in Wythenshawe, Greater Manchester, have 21 days to pay insurance bills of £5,000 – as the cost of the annual insurance for the block has risen more than 20-fold from £12,000 to £250,000.
Tribunal astonished leaseholder directors agreed to unfavourable works contract that limited contractor’s liability to £166,200 on a project that cost more than £3 million
The property tribunal has criticised a landlord, South Cliff Tower (Eastbourne) Limited, and its appointed managing agent Southdown Surveyors for messing up a section 20 consultation for a £3 million repairs South Cliff Tower, in Eastbourne.
It also expressed its surprise at the unfavourable contract terms it agreed with the contractor for the works, Faithful & Gould, in a qualifying long-term agreement.
The Sunday Times reveals leaseholders who are still caught out by aggressive ground rents traps dreamed up by plc housebuilders and the investment asset – the freehold – sold to murky offshore private equity punters
Thanks to the National Leasehold Campaign for raising this issue in the national press
The ongoing cheating of ground rents linked to RPI (Retail Price Inflation) was revealed in The Sunday Times yesterday and revealed as more onerous than ten-year doublers in periods of high inflation, like now with inflation at 12%.