Solicitors and developers caught up in the leasehold
ground rent scandal may be forced to pay out as much as half a billion pounds,
it is claimed. In recent years some of Britain’s largest housebuilders sold
leasehold homes, where owners were locked into contracts which obliged them to
pay rapidly increasing ground rents to freeholders. Investors – including
pension funds or other specialist firms – purchased the freehold on the houses,
attracted by this guaranteed rising income. Read more on the Daily Telegraph
website.
The Land Trap by Mike Bird review – ground down
-
A masterful introduction to the economics of our most basic asset
‘The landlord is a gentleman who does not earn his wealth … his sole
function, his chie...
1 day ago
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