Thank you for this program. Thank you Katie Kendrick for providing all leaseholders with the truth of leasehold tenure. It’s so often reported in the media that leaseholders own their building but not the land. Katie just put that all straight again! Leaseholders are tenants not home owners, they need protection and law passed now that abolishes marriage value. We were quoted 5 years ago £70,000 to extend a 45 year remaining lease up to 99 years. We now have 42 years remaining. As the man from Maidenhead said in this interview he doesn’t see why he would have to pay £70,000 to extend his lease, all his parents hard earned money that he inherited would go to his freeholder! This is so wrong.
selling? much as the reform bill will eventually make a difference what was already hard to sell (retirement flats with service charges and management companies with poor reputations) the bill has advertised the fact that buying leasehold is a minefield - i planned on living in this flat until my son started uni - it was one of two places in my budget near his school, and the only one that i qualified for age wise (i was 59 when i moved in) i've been here eleven years now, not had a viewing in 3 years and i'm on the market for 25,000 below the valuation already, i paid 82,000 for a flat valued at 190,000 that's how hard it is to sell.
Thank you for this program. Thank you Katie Kendrick for providing all leaseholders with the truth of leasehold tenure. It’s so often reported in the media that leaseholders own their building but not the land. Katie just put that all straight again! Leaseholders are tenants not home owners, they need protection and law passed now that abolishes marriage value. We were quoted 5 years ago £70,000 to extend a 45 year remaining lease up to 99 years. We now have 42 years remaining. As the man from Maidenhead said in this interview he doesn’t see why he would have to pay £70,000 to extend his lease, all his parents hard earned money that he inherited would go to his freeholder! This is so wrong.
you own a piece of paper, and a bit gets torn off year by year until you have to buy the piece of paper all over again.
That is a great visual analogy ! That’s exactly what leasehold is! Feudal.
selling? much as the reform bill will eventually make a difference what was already hard to sell (retirement flats with service charges and management companies with poor reputations) the bill has advertised the fact that buying leasehold is a minefield - i planned on living in this flat until my son started uni - it was one of two places in my budget near his school, and the only one that i qualified for age wise (i was 59 when i moved in) i've been here eleven years now, not had a viewing in 3 years and i'm on the market for 25,000 below the valuation already, i paid 82,000 for a flat valued at 190,000 that's how hard it is to sell.