At last a housing minister who seems to want to reform leasehold, and knows legal costs are being gamed to keep freeholders on top

Housing minister Lucy Frazer amid the leaseholders: Sir Peter Bottomley MP and Martin Boyd, LKP chair

But will the government unravel before implementation?

By Sebastian O’Kelly

For the first time in the ten-year struggle of the Leasehold Knowledge Partnership we have in Lucy Frazer KC a housing minister who seems to understand at the outset leasehold’s injustices and how legal stratagems invariably keep freeholders coming out on top.

Continue reading At last a housing minister who seems to want to reform leasehold, and knows legal costs are being gamed to keep freeholders on top at Leasehold Knowledge Partnership.

Metropolitan housing association MTVH tells MPs: we won’t collect ground rent, we have ditched marriage value and all leases are 990 years (where possible)

The Metropolitan and Thames Valley Housing Association is not collecting ground rents, or ratcheting up marriage values on shorter leases and all lease extensions will be 990 years where it owns the freeholds.

These undertakings were made clear by Tim Millns, MTVH’s director of central customer services, to MPs at the All-Party Parliamentary Group on leasehold and commonhold reform on December 12.

Metropolitan has 58,000 homes under management including more than 9,000 shared owners – one of the highest proportions in the country and 7,800 leasehold and freehold property owners.

Continue reading Metropolitan housing association MTVH tells MPs: we won’t collect ground rent, we have ditched marriage value and all leases are 990 years (where possible) at Leasehold Knowledge Partnership.

Another buy-to-let leaseholder landlord faces ruin over building safety costs

LKP has been copied into the following correspondence to Michael Gove, the Communities Secretary:

Michael Gove MP,

Secretary of State for Levelling Up, Housing and Communities

House of Commons
London
SW1A 0AA                                                                                           12th December 2022

Dear Michael Gove,

(ALSO SENT BY ROYAL MAIL)

Leaseholder Deed of Certificate:

I write to you in respect of my being a UK Landlord with five Buy to Let (BTL) properties; all on BTL interest only mortgages.

Continue reading Another buy-to-let leaseholder landlord faces ruin over building safety costs at Leasehold Knowledge Partnership.

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