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.
‘They’re trying to milk us’: leaseholders tell of soaring charges amid
Labour reform delays
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Some residents say they are facing financial ruin as government’s
long-awaited law changes stall
“I don’t say this lightly, but I feel traumatised by thi...
1 day ago
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