It is now widely expected that leasehold reforms will be announced in the King’s Speech on November 7
A protester holds a placard calling for an end to the leasehold system during the rally , Martin Boyd, is to become the chair of the government body, the Leasehold Advisory Service is of huge importance to five million flat owners and the property sector generally.
They have hoovered up residential freeholds to blocks of flats, elbowing out pension funds over the past two decades, and lobbying hard against reforms via their representative body the Residential Freehold Association. Leasehold is a multibillion sector, which at base has cheating investment income streams squirrelled away in the homes of other people. Mr Boyd is chair of Charter Quay, a 260-flat site at Kingston Bridge in Surrey which shows how differently it can be done.
Charter Quay was placed in the hands of a court appointed manager, meaning the management was answerable to a court. After two years, and using a legal loophole which is now less achievable, the leaseholders of Charter Quay had the right to buy the freehold for a court-assessed £1m – it was valued by the Tchenguiz organisation at more than £4m.
The impetus for these was hugely assisted by the greed of UK plc housebuilders: from 2008 they began selling disadvantageous leasehold houses around the country, with duped buyers assisted by taxpayers through the Help To Buy scheme; they introduced highly aggressive 10-year doubling ground rents, which meant homes could not be resold; they built atrociously.
The quango now gets a new chair and consumer champion, a new board and a new role to alert the Government to problems in the sector and to advance the cause of leasehold reform and commonhold.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Sunak puts economy and public safety at heart of King’s Speech plansThe Prime Minister updated his Cabinet ahead of the King’s Speech on November 7.
続きを読む »
Sunak puts economy and public safety at heart of King’s Speech plansThe Prime Minister updated his Cabinet ahead of the King’s Speech on November 7.
続きを読む »
Camberley: Road closed after man found seriously injuredLondon Road in Camberley is closed at the junction with Knoll Road and Kings Ride.
続きを読む »
Nottingham Panthers make emotional Adam Johnson speech to fansCoach Kevin Moore gave a speech outside Nottingham's Motorpoint Arena following the player's death
続きを読む »
Adam Johnson: Nottingham Panthers make emotional speech to fans following teammate's deathNottingham Panthers player Adam Johnston died following a 'freak accident' during the team's match against Sheffield Steelers.
続きを読む »