Behind the scenes at MSE for a day

Are you thinking of running any give aways on the day? It would be a great way to promote the competition forum.

I'll be very interested to see what goes on behind the scenes at MSE Towers. Nice idea

Thanks

Blu XXX

This will be interesting.

There is a known devaluation factor surrounding leasehold flats & houses.
For those who bought via government backed schemes i.e ‘Help to Buy’ & ‘Help2Own’ this devaluing factor was not advised to potential buyers at the point of sale. Arguably the government were overseeing the schemes and should have taken measures to ensure that buyers were fully aware of all issues that could affect value. This is not the same as being aware that a property can fall as well as rise in value, No, ‘this is a known devaluing factor’.
The factor in question is the 80 year or less benchmark, once a lease hits this benchmark of number of years remaining, then the property will reduce in value and a requested lease extension can cost much more. Also if a 70/30 % arrangement with the freeholder exists ( housing association via help to Buy) then eny request for a lease extension can effectively be vetoed by the freeholder! This also was not made clear at the point of sale.
This amounts to mis-selling, freeholder (housing association), conveyance and Government were all involved but fundamentally the government were overseers. I would like MSE to investigate and ask for people’s experiances. The CMA are currently investigating a number of leasehold issues. Will MSE please make people aware.