Leasehold reform proposals could save homeowners £1,000s - MSE News

Nlc

The law commission work was not instigated by Justin Madders private members bill. It was instigated well before that due to the tireless efforts of the Leasehold Knowledge Partnership (LKP) together with the National Leasehold Campain (NLC) And the APPG on leasehold & Commonhold reform.
I agree we need to ALL write to our MPS to encourage them to join the APPG

Nlc

Justin Madders and Sir Peter Bottomley are doing an incredible job if championing leaseholders.

Thankyou

simondv

Right to Manage is not always possible for leaseholders. The building has to be separate, have less than 20% commercial in it, not housing association, not have shared ownership leaseholders. Cannot usually be done for an estate of leasehold or fleecehold houses either. Getting a large group of leaseholders, many not living in the building to agree and dealing with apathy is not easy.
The Law Commission is looking at the anomalies and looking to make Right to Manage easier.

dnees

So dissappointing this Law Commission advice to the Government on reforming leasehold. The freeholderr/landlords are protected by law, this leaves them free to exploit, and bleed dry the leaseholder. It's an archaic teunure that need abolishing. FH/LL should not be allowed in this day and age to get away with what they have for 1,000 years, read louie Burns e book ( on Amazon) he explains all the pitfalls of being a leaseholder, forearmed is forewarned. Please join the National Leasehold Campaign on Face book, Twitter and check out their website, . https://nationalleaseholdcampaign.org/
lots of free info, help and suopport, you are not alone. Please make your self aware of what being a leaseholder is! We have a lease of 46 yrs left and have been quoted by our Freeholder/landlord 75,000 plus all costs ours and the FH/LL ! this will rise by 5,000 a year if we do not extend our lease. This is not a good place to be in, dictated to by a greedy Freeholder/landlord ! Not a good feeling. We were unaware of what it meant to be a leaseholder, and I know there are still millions out there that are just like us. 6.5 million leaseholders in England and Wales.

dnees

Richard_Webster wrote: »

Complain and threaten to sue your solicitor.

Yes you can do this, but even if you prove negligence by your solicitor you are awarded a ridiculous sum, (can't remember the exact amount but I have a feeling it's about £200), this of course is paid out to you by the solicitor's insurance company. It still leaves you in the awful situation of being stuck in that property, paying ground rent ( which is for no service), uncapped maintenance fees for god knows what as often and usually un itemised, and unable to sell, people do not want to get lumbered with a leasehold property, you actually only own time to live in that property if you have a lease. YOU DO NOT OWN THE PROPETY!

dnees

Socajam wrote: »

This have been going on for years.
People need to take responsibility for their actions which is called do your own research before buying a property
People are so brainwashed into thinking that I must get on the property ladder before x or y, that they neglect the most import things that are needed to be done.
A simple search on "leasehold" v "freehold" for a house would put one straight.
Who in their right might buys a new build or not would want to buy a leasehold house, unless it s the ridiculous notion : "that's is their dream house".
The only "dream house" available is six feet under the ground.

Thanks for your comments, I just want to make you aware of the fact that when we bought our lease there was no internet available, we've had it for 36 yrs now. If you couldn't afford a house you bought a flat or maisonette. that was it. Just saying!

dnees

worzel_gummidge wrote: »

See the title of the thread. Does that not give leaseholders hope? Does capping the ground rent at 0.1% for the calculation of the purchase price not give leaseholders hope? Does being able to calculate the value of the leasehold not give any hope? Does making the process of buying the freehold easier and less expensive not give leaseholders hope?

This report does not give us leaseholders hope, no. They have left the possibility that things will remain the same as they are now! WHY did the Law Commission leave this as an option for the Government to choose? after all the LONG LONG consultations with leaseholders making clear what we want they left this in! this is one reason we do not have optimism, we have waited so long for this report, it is awful for us. We need leasehold abolished, I have always felt this from the day I found out what a lease is, now I feel it even more strongly, leasehold has to go. If Scotland can do it we can here.

[Deleted User]

Nobody says anything about paying a 3rd party except for groundrent. Nothing else is in the lease, esp older ones. There is nothing about the 80 year cutoff. Plus people think they are buying their own home, nobody tells them they are a "tenant". Leasehold houses are still advertised "for sale" which is a lie. They are not for sale, the "leasehold interest" is - not so saleable like that. Now we know because of the current scandal but millions will still not quite understand what they bought. It should state in plain English: you are NOT a home owner, you are a tenant and big costs will hit you in a few years. Nowhere is that written and professionals do not say anything like that.
You get more protection buying a car under Consumer Law -which also does not apply to a house purchase.

[Deleted User]

Plus the system is Feudal and should be abolished - like in the rest of the world - and even Scotland who abolished Feudalism and feudal dues like ground rent.

[Deleted User]

Richard_Webster wrote: »

Complain and threaten to sue your solicitor.

You only have a 6 year window to do that I believe. The problem is systemic - hence the Law Commission report - but then again they were saying the same things 50 years ago! Nothing got done.