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Good.
That was an awful idea for everyone apart from the developers."I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
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About time this scam was stoppedComment
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Originally posted by Martin@AS Financial View PostOriginally posted by cojak View Post+2.Originally posted by vetran View Post
An even worse system than the old leasehold which at least ran for 99 years.
Even those cost an appreciable amount to get shot of.
But nowhere near the astronomical amounts demanded more recently.
Not to mention Ground Rent that went up equally astronomically ever decade or so.When the fun stops, STOP.Comment
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The proposal only refers to houses. The law needs to be changed (as in Scotland) that all leaseholds are converted to commonhold.Originally posted by cojak View Post
There was a case where the freeholder of a block of flats repossessed an elderly lady's flat over a minor breach of the lease when she was absent for six months. She lost her appeal in the High Court because her appeal was out of time.
Her flat was worth about £350,000 but she loses everything.
Just to spell it out; if you lease a flat or house, you do not own it, you just rent it! If your leasehold flat or house is repossessed by the freeholder because you broke a term of the lease, you lose everything. This is an archaic law dating back to serfdom but the Tories love it."A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Yes and that’s why leaseholds on flats like mine should work via freehold assigned to the company in which leaseholders own equal shares - this way service fee is managed but no crazy tulip can happen as easily as in most new big tower flatsComment
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Originally posted by AtW View Post
Problem is that as more leaseholders are involved the harder it is to get a decision. Probably best if large blocks are professionally managed.Comment
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