First Leasehold and Freehold Reform Act commencement order. Building safety changes in force from end of Oct. www.legislation.gov.uk/uksi/2024/10...
It was a real pleasure to attend a drinks reception yesterday in honour of Sir Peter Bottomley who has been a staunch supporter of Leasehold reform. He always acknowledges the work we (NLC) & LKP do to free leaseholders from this feudal money grabbing system. Still lots to do - onwards and upwards.
Ministers accused of âdawdlingâ over leasehold changes in England and Wales Residents groups call for passing of secondary legislation for Leasehold Reform Act as promised in kingâs speech The Guardian
Trumpâs 40 Wall Street tower appears to be underwater - profits are down, expenses are up & the mortgage is coming due Trump has 35 yrs left on a leasehold worth approx $116mil (the German shipping dynasty Hinneberg family own the land) and a loan of $118mil due next July, by @zeverson.bsky.social
At one of Trumpâs biggest buildings, profits are down, expenses are up and the mortgage is about to come due, pushing 40 Wall Street into the red.
âThe remaining 35 years on Trumpâs leasehold in the Financial District tower is worth about $116 million. Thatâs $2 million less than the estimated $118 million Trump owes on his mortgage.â Explain again why they trust him with the economy? www.forbes.com/sites/zachev...
At one of Trumpâs biggest buildings, profits are down, expenses are up and the mortgage is about to come due, pushing 40 Wall Street into the red.
Massive shot in the dark i realise but does anyone know a good law firm for dealing with leasehold disputes?
Thank you for the offer, there's definitely an article here waiting to be written, but I simply don't have the time at the moment. Our building is currently being remediated (combustible cladding) and I'm up to my neck in emails dealing with that, plus the general everyday nightmares of leasehold.
Interesting, and very technical, changes happening within Shared Ownership. Post Renter's Rights Act they will be legally treated as leasehold for purposes of arrears recovery. As noted by others current situation is a bit of a mess.
Thanks, very interesting. I take the point made about leasehold flats data from @annaclarke.bsky.social but this research (showing 43% ex-council in PRS, if I understood correctly) and common sense - houses generally sold more than flats under RTB - does nothing to undermine the 40% figure.
the NEF study is definitely based on leasehold FOIs. Only study I'm aware of that's looked at houses (and matched quite detailed RTB and LHA data) is this one on Renfrewshire, which is perhaps not the most representative geography (and no longer has RTB!): eprints.gla.ac.uk/69908/1/id69...