Minister announces end to new-build leaseholds Minister announces end to new-build leaseholds
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    Default Minister announces end to new-build leaseholds


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    Good.

    That was an awful idea for everyone apart from the developers.

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    Quote Originally Posted by cojak View Post
    Good.

    That was an awful idea for everyone apart from the developers.

    +1
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

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    About time this scam was stopped

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    Quote Originally Posted by Martin@AS Financial View Post
    Quote Originally Posted by cojak View Post
    Good.

    That was an awful idea for everyone apart from the developers.
    Quote Originally Posted by vetran View Post
    +1
    +2.

    An even worse system than the old leasehold which at least ran for 99 years.

    Even those cost an appreciable amount to get shot of.

    But nowhere near the astronomical amounts demanded more recently.

    Not to mention Ground Rent that went up equally astronomically ever decade or so.
    When the fun stops, STOP.

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    Quote Originally Posted by AtW View Post
    About time this scam was stopped

    The kebab flat on lease?
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

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    Quote Originally Posted by cojak View Post
    Good.

    That was an awful idea for everyone apart from the developers.
    The proposal only refers to houses. The law needs to be changed (as in Scotland) that all leaseholds are converted to commonhold.

    There was a case where the freeholder of a block of flats repossessed an elderly lady's flat over a minor breach of the lease when she was absent for six months. She lost her appeal in the High Court because her appeal was out of time.

    Her flat was worth about £350,000 but she loses everything.

    Just to spell it out; if you lease a flat or house, you do not own it, you just rent it! If your leasehold flat or house is repossessed by the freeholder because you broke a term of the lease, you lose everything. This is an archaic law dating back to serfdom but the Tories love it.
    Brexiteers remind me of religious fanatics, only faith, no facts.

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    Quote Originally Posted by Paddy View Post
    This is an archaic law dating back to serfdom but all governments since haven't bothered to change it.
    FTFY
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

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    Yes and that’s why leaseholds on flats like mine should work via freehold assigned to the company in which leaseholders own equal shares - this way service fee is managed but no crazy tulip can happen as easily as in most new big tower flats

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    Quote Originally Posted by AtW View Post
    Yes and that’s why leaseholds on flats like mine should work via freehold assigned to the company in which leaseholders own equal shares - this way service fee is managed but no crazy tulip can happen as easily as in most new big tower flats

    Problem is that as more leaseholders are involved the harder it is to get a decision. Probably best if large blocks are professionally managed.
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

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