Do you know the difference between freehold and leasehold? If you’re buying a property you probably should.
Leasehold flat owners have always suffered at the hands of merciless freeholders and their managing agents – but now house owners are being used as cash cows too. How? Read my story in the Spectator to find out.
This is the latest in a long line of stories I’ve written about leasehold.
I examined how Taylor Wimpey treats buyers in this piece for the Telegraph. Taylor Wimpey has since set aside £130m to change leases but I don’t think that will solve the problem – the freeholds should be sold to homeowners are the price quoted in the sale suite. It’s the only fair solution.
Meanwhile this piece in the Guardian looks at the plight of flat owners and the sky high bills they receive for ‘major works’.