August 17, 2022

Leasehold sales are bedevilled by ‘extortionate’ charges and game-playing, says the Conveyancing Association

… Conveyancing Association calls for enforcement of reasonable fees, and it wants Land Registry to register ‘lease administrators’ who handle sales … It claims there is ‘an imbalance of bargaining power between the lease administrator and the leaseholder’ … 34 per cent of estate agents say leasehold sales are a ‘nightmare’ … LKP tells the […]

Leasehold is a feudal, wasting asset with opportunities for exploitation, says the Financial Times in a devastating article

Leasehold properties make up 43 per cent of all new-build registrations with the Land Registry for England and Wales, and 3,000 of those were for leasehold houses. That is one of the findings in the Financial Times’s three-page cover story in its FTMoney section, published this weekend. The article, written by personal finance veteran Lindsay […]