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.
‘Sludge in the system’: myriad problems stymie Labour’s 1.5m new homes
pledge
-
Soaring cost of building materials, lack of affordability and planning
bottlenecks are some of the obstacles thwarting housing target
At South and City C...
12 hours ago
No comments:
Post a Comment