Retirement housebuilder Churchill on Wednesday warned proposed changes to Britain’s leasehold system have triggered “cautious” land buying and created market uncertainty.
Government proposals to scrap controversial ground rents have dented McCarthy & Stone's ability to buy land, while its profits for the first half of the year dropped by more than 50pc.
My freeholder hasn’t been sending annual invoices, and has just landed me with a massive bill
High charges have left young homebuyers trapped – and the John Lewis pension fund has been accused of playing a role
People on Bolton estate say they were not told ground rent would double every 10 years, and they cannot sell their homes
‘Money-grabbing scheme’ traps many new buyers with spiralling ground rents, says HomeOwners Alliance
With thousands of homebuyers caught out by rapidly rising rents, the solicitors they used may face claims of professional negligence
It beggars belief that there can be clauses in a property contract which allow a freeholder to backdate the ground rent and then present an extortionate bill to the unsuspecting buyer of a flat.
Residents on a housing estate in Swansea are facing bills worth thousands of pounds after an increase in their ground rent.
Fees for householders on the Elba estate, Gowerton, have soared from £50 to up to £2,500 a year.
It comes as Swansea council revaluated 250 properties for the first time in 25 years.
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