Copy
Newsletter from the Leasehold Knowledge Partnership and APPG on leasehold and commonhold reform
View this email in your browser

Leasehold first-time buyers trapped in leasehold homes with £800 ground rents, says BBC

By admin on Mar 07, 2019 08:48 am

The BBC website today features a first-time buyer of a leasehold house in Liverpool who pays £800 a year in ground rent and service charges. The BBC website reports the case of Ashleigh Wilson, 27, who bought her £200,000 home in Knowsley four years ago but now cannot sell it because of the lease terms. […]

The post Leasehold first-time buyers trapped in leasehold homes with £800 ground rents, says BBC appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Leasehold first-time buyers trapped in leasehold homes with £800 ground rents, says BBC on Facebook

FirstPort named twice in Commons today

By admin on Mar 06, 2019 07:26 pm

  A few hours after FirstPort – aka Peverel – was named in prime minister’s questions, it was named again – for not fixing a broken lift. First, Conservative MP Huw Merriman, for Bexhill and Battle, raised issues of “fleecehold” charges and high retirement service charges – “thanks to the dominant influence of FirstPort”. Later, […]

The post FirstPort named twice in Commons today appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like FirstPort named twice in Commons today on Facebook

Huw Merriman calls for zero ground rents for retirement leasehold at prime minister’s questions

By admin on Mar 06, 2019 02:43 pm

Tory MP Huw Merriman called for zero ground rents for retirement housing at prime minister’s questions today. He talked of pensioners trapped in McCathy & Stone properties, which have fast depreciating values. He named Vincent Tchenguiz, whose Tchenguiz Family Trust in the British Virgin Islands ultimately owns the old McCarthy and Stone freehold book, and […]

The post Huw Merriman calls for zero ground rents for retirement leasehold at prime minister’s questions appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Huw Merriman calls for zero ground rents for retirement leasehold at prime minister’s questions on Facebook

UK Finance should take a running Jupp with these lame excuses …

By admin on Mar 05, 2019 07:22 pm


By Harry Scoffin One of the most powerful interventions in the leasehold scandal was when Nationwide publicly stated it would not be lending on doubling ground rent properties. Nationwide bans mortgages on doubling ground rent properties It made overt what LKP knew perfectly well was happening in the market: that lenders were getting decidedly windy […]

The post UK Finance should take a running Jupp with these lame excuses … appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like UK Finance should take a running Jupp with these lame excuses … on Facebook

Are hedge funds behind Long Harbour, asks Tory MP

By admin on Mar 05, 2019 06:51 pm

Tory MP Stephen McPartland questioned last week whether investors in the ground rent ground fund Long Harbour are “hedge funds and speculators”. Long Harbour, founded by William Waldorf Astor, has claimed publicly that its £1.4 billion ground rent fund holders are pension funds, although ultimate beneficial ownership is always hidden and some of the assets, […]

The post Are hedge funds behind Long Harbour, asks Tory MP appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Are hedge funds behind Long Harbour, asks Tory MP on Facebook

18% of leasehold houses paid for with Help To Buy, says FT in devastating attack

By admin on Mar 01, 2019 01:48 pm

And I won’t invest in plc house builders on moral grounds, says columnist The Daily Mail is not happy either … A devastating attack today by Merryn Somerset Webb in the Financial Times on the toxic legacy of Help To Buy which accounted for 18% of leasehold house sales in 2017. She concludes of our […]

The post 18% of leasehold houses paid for with Help To Buy, says FT in devastating attack appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like 18% of leasehold houses paid for with Help To Buy, says FT in devastating attack on Facebook

Housebuilders WILL benefit from commonhold, Hopton Build developer tells Law Commission

By admin on Feb 25, 2019 12:37 pm

By Harry Scoffin The housebuilder owner of Hopton Build who is completing a commonhold scheme in Yorkshire told the Law Commission last week that the tenure works and will benefit housebuilders. Stewart Moxon, of Hopton Build, which is selling a site in Liversedge, near Huddersfield, said: “Believe me, developers will do well out of commonhold. […]

The post Housebuilders WILL benefit from commonhold, Hopton Build developer tells Law Commission appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Housebuilders WILL benefit from commonhold, Hopton Build developer tells Law Commission on Facebook

Help To Buy cheat Persimmon racks up £1bn profits – and spread the plague of leasehold houses around the country

By admin on Feb 23, 2019 10:47 am

Persimmon is to make a £1 billion profit thanks to taxpayers pouring in money through Help To Buy to get young first-timers onto the property ladder. And in return, what? The company has been the main offender in spreading leasehold houses around the country, creating homes which include an investment asset for someone else. So, […]

The post Help To Buy cheat Persimmon racks up £1bn profits – and spread the plague of leasehold houses around the country appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Help To Buy cheat Persimmon racks up £1bn profits – and spread the plague of leasehold houses around the country on Facebook

Advertising Standards Authority rules against Notting Hill Genesis on over-egged shared ownership adverts

By admin on Feb 21, 2019 04:52 pm

By Harry Scoffin The Advertising Standards Authority has ruled against the way the Notting Hill Genesis housing associations is promoting the shared ownership of leasehold properties. It ruled that “home ownership starts with us” was over-stating a vulnerable tenancy arrangement, and the case was reported in The Daily Telegraph yesterday. Housing developer forced to scrap […]

The post Advertising Standards Authority rules against Notting Hill Genesis on over-egged shared ownership adverts appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Advertising Standards Authority rules against Notting Hill Genesis on over-egged shared ownership adverts on Facebook

London mayor Sadiq Khan launches leasehold advice portal and slams LEASE as ‘unfit for purpose’

By admin on Feb 21, 2019 02:36 pm

London mayor Sadiq Khan has launched a new leasehold advice portal, and has condemned the taxpayer-funded Leasehold Advisory Service as “unfit for purpose”. He also backed “wholesale reform of leasehold, including a long-term shift toward alternative tenures such as commonhold”. Today’s statement from the mayor’s office reads: “Government funds the Leasehold Advisory Service (LEASE) – […]

The post London mayor Sadiq Khan launches leasehold advice portal and slams LEASE as ‘unfit for purpose’ appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like London mayor Sadiq Khan launches leasehold advice portal and slams LEASE as ‘unfit for purpose’ on Facebook

Taxpayer subsidy via Help To Buy for leasehold houses to run until 2021, MPs told

By Admin3 on Feb 18, 2019 05:37 pm

By Harry Scoffin Leasehold houses are STILL being sold under the Help To Buy scheme and taxpayers’ subsidy for them will remain until 2021, the Communities Select Committee has been told. Only in 2021 do the existing Help To Buy procedures end. Oral evidence – MHCLG annual report and accounts 2018 – 21 Jan 2019 […]

The post Taxpayer subsidy via Help To Buy for leasehold houses to run until 2021, MPs told appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Taxpayer subsidy via Help To Buy for leasehold houses to run until 2021, MPs told on Facebook

Why is the Tory party not supporting real home ownership, asks Daily Telegraph

By admin on Feb 17, 2019 06:59 pm

Britain’s feudal leasehold system is killing the dream of homeownership A landlord’s profit motive, however, will always clash with the occupier’s need to protect their investment. High service charges do not affect the landlord. They can “sweat” the asset, let the building become rundown, while padding service charges. Harry Scoffin, London leaseholder activist who works […]

The post Why is the Tory party not supporting real home ownership, asks Daily Telegraph appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Why is the Tory party not supporting real home ownership, asks Daily Telegraph on Facebook

Leasehold and commonhold APPG now has 161 members

By Admin2 on Feb 16, 2019 10:00 am

Current number of members 161+ 11 friends Listed below are the members of the All Party Parliamentary Group looking into Leasehold and Commonhold reform in the new parliament. The list is updated as new members join and will be updated on this page throughout the parliament. Any member of parliament in the Commons or Lords […]

The post Leasehold and commonhold APPG now has 161 members appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Leasehold and commonhold APPG now has 161 members on Facebook

Leaseholders and the sector react to Law Commission reforms to commonhold and right to manage

By admin on Feb 15, 2019 11:53 am

There is bound to be a contrast between successful professionals in the leasehold sector discussing reforms, and the reactions of more emotive leaseholders who see themselves as the victims of its injustices. Examples of both were evident on Tuesday at the Law Commission’s symposium at London University’s law faculty. Consultation on the proposals to reform […]

The post Leaseholders and the sector react to Law Commission reforms to commonhold and right to manage appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Leaseholders and the sector react to Law Commission reforms to commonhold and right to manage on Facebook

Neo Bankside leaseholders fail to stop Tate visitors snooping through their windows

By admin on Feb 14, 2019 01:31 pm

Leaseholders at the upscale Neo Bankside beside Tate Modern on the south bank of the Thames have lost their battle for privacy against the art gallery. The Tate created a viewing gallery for the public so they could enjoy magnificent views across the river to St Pauls. Unfortunately for the residents, the viewing platform also […]

The post Neo Bankside leaseholders fail to stop Tate visitors snooping through their windows appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Neo Bankside leaseholders fail to stop Tate visitors snooping through their windows on Facebook

Taxpayer boost for offshore speculators as Help To Buy lands 17,000 home buyers in leasehold

By admin on Feb 13, 2019 04:11 pm

The taxpayer subsidy for offshore speculators in residential freeholds has been revealed in the Daily Mail: it estimates that 17,000 leasehold properties have been bought through the Help To Buy scheme. Shadow Housing Secretary John Healey uncovered the official figures showing Help to Buy had been used to purchase 17,586 houses leasehold since 2013. Mr […]

The post Taxpayer boost for offshore speculators as Help To Buy lands 17,000 home buyers in leasehold appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Taxpayer boost for offshore speculators as Help To Buy lands 17,000 home buyers in leasehold on Facebook

Anti-leasehold petition gains 10,000 signatures in under a week

By Admin3 on Feb 08, 2019 07:32 pm

By Harry Scoffin Last Friday, the National Leasehold Campaign launched a petition calling for the abolition of the leasehold system. Leasehold is described as “a form of financial servitude where the leaseholder is forever compensating the freeholder for living on ‘their land’.” By the stroke of midnight last night, the petition had registered 10,000 signatures. […]

The post Anti-leasehold petition gains 10,000 signatures in under a week appeared first on Leasehold Knowledge Partnership.


Read in browser »
share on Twitter Like Anti-leasehold petition gains 10,000 signatures in under a week on Facebook



 

Recent Articles:

Scorn for housing minister’s evidence to Select Committee
Copyright © 2019 Leasehold Knowledge Partnership, All rights reserved.


unsubscribe from this list    update subscription preferences