MBI and Northern Powerhouse Developments

npd_investor

Kesie wrote: »

NPD_Investor: I would appreciate it if you could post a link to the facebook group that you alluded to.
And thanks for the updates: I am a fellow investor who was unable to attend the Duff and Phelps meeting in London.

The closed facebook group is: Northern Powerhouse Developments - Investors. If you send a request to join and provide your investment details one of the administrators will accept your request.

Kesie

Thanks for your assistance npd_investor: much appreciated.

daniela1961

I think I'm in the same boat. What are you doing regarding this ?

npd_investor

AnotherJoe wrote: »

Of course they can.
Let me give you a couple of almost direct examples.

• You own the leasehold on your newbuild house. The builder retains the freehold and before you get a chance to buy it from them, flogs it to EvilCorp who then ramp up the price they will sell it to you for.
• You own a leasehold on a flat along with 11 others in the block. The freehold on the block is owned by Mr X and Sold to GreedyCorp who ramp up the ground rent.

Freeholder does not need permission from the leaseholder(s) to sell and can indeed sell despite what the leaseholder might want.

Ofcourse they cannot
as per judge verdict on 04/12. Administrators (Duff & Phelps) now have to liaise with leaseholders and come to an agreement. Judge swept the floor with D&P barrister who thought they could overturn legal title just like that.

happy_camper

Hi, has anyone invested in these NPD or other schemes through Real Estate Broker Joel Greene from Condo Hotel Center in Florida, USA?  If so, please direct message me.