Tag #Leasehold

Showing 1 to 8 of 8 results

bbc.com
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£1m Spent to Prevent Closure of Dangerous Flats in Kirkby

Two dangerous apartment blocks in Kirkby, Merseyside, face closure due to fire safety issues, resulting in up to £1 million spent on emergency measures and highlighting a broken leasehold system, leaving 160 residents potentially homeless.

Progress

48% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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Mould forces elderly woman from flat for three years

An 80-year-old woman in north-west London has been forced from her flat for three years due to water damage causing mold and mushrooms, highlighting issues with the building's private freeholder and management company, and broader problems within the UK leasehold system.

Progress

56% Bias Score

Good Health and Well-being
bbc.com
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UK to Ban New Leasehold Flats, Transitioning to Commonhold System

The UK government announced plans to ban new leasehold flats in England and Wales, shifting to a commonhold system where homeowners own a share of their building, addressing concerns over unfair service charges and lack of resident control.

Progress

52% Bias Score

Sustainable Cities and Communities
bbc.com
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Leaseholders' Woes: Assethold Overcharges

A BBC investigation reveals how a freehold company, Assethold, and its managing agent, Eagerstates, allegedly overcharged leaseholders in England and Wales, causing financial and emotional distress.

Progress

48% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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Shared Ownership Scheme Faces Criticism Amidst Concerns Over Costs and Transparency

A BBC investigation into shared ownership in the UK revealed widespread complaints about costs, transparency, and repairs, prompting concerns from MPs and shared owners, one of whom called the scheme a "gimmick". The government is considering improvements.

Progress

48% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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UK Leasehold System: \£7.6bn Paid in Service Charges, Commonhold Faces Implementation Hurdles

The UK's leasehold system, particularly impacting flat owners, involves exorbitant ground rents and service charges, leading to \£7.6bn in payments in 2023. While commonhold offers a solution for new flats, challenges remain for existing leaseholders due to high conversion costs and restrictions.

Progress

60% Bias Score

Reduced Inequality
theguardian.com
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Retirement Flat Sale Highlights Financial Risks for Owners

A reader details selling their father's retirement flat for £122,000, significantly below its £252,000 purchase price eight years prior, incurring over £50,000 in additional costs; the low resale value and associated fees highlight the financial difficulties experienced by many owners.

Progress

56% Bias Score

Reduced Inequality
bbc.com
🌐 60% Global Worthiness
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Leasehold Crisis in England and Wales

This article investigates the issues surrounding leasehold properties in England and Wales, focusing on rapidly increasing service charges and the potential exploitation of leaseholders.

Progress

40% Bias Score

Reduced Inequality

Showing 1 to 8 of 8 results