A generation screwed.
Easy to forget about them amid the NEETs discourse, but millennials are being ruined by the often-ignored catastrophe unfolding in leasehold flats.
30-somethings and HENRYs punished just for getting their foot on the first rung of the property ladder.
By the time all the fannying about, delaying & pushing back of @Keir_Starmer's so-called 'leasehold abolishment', how many people will have been bankrupted, had mental breakdowns, been made #homeless or committed #suicide because it was all too late!? 🤔🤬
This bloody @UKLabour
Property developers being able to donate to politicians is leaving the public unable to trust whose interests Governments prioritise in the housing crisis.
I met with my constituent Elizabeth and @ACORNunion in support of @CHinchliffMP’s campaign to have this banned.
Grandfather's £145,000 estate is wiped out instead of being passed onto his family because of plummeting value of his 'unsellable' retirement flat https://t.co/vb6QrsyrIn
There is little doubt that this government’s failure to abolish leasehold law completely is a barrier to those hoping to get onto - or rise up through - the housing ladder. It dampens housing demand.
@moving_charlie Why is this still being allowed to happen. This have come into power with false promises and commitments. Frankly manifesto promises should be legally binding - so the public have full transparency...in the public interest!
Vote them out at every opportunity you get!
When even Bloomberg is covering the leasehold scandal, you know the establishment can no longer look away.
Millions exploited, looted of income, savings and sanity.
The reckoning is coming.
As salience rises, business power falls.
Big Freehold in deep trouble now.
A respected global property advisory service points to soaring service charges for leasehold flat occupiers in the UK as the reason new construction has stalled. Service charges up 43 - 89% since 2020. Buyers don’t want that risk.
https://t.co/AsFAWqbuWf
@NormaCohen3 5/5/26 Telegraph: Homeowners trapped in unsellable flats. Sellers+buyers at mercy of escalating service charges +little resolution in sight.
Falling leasehold prices collide inflating service charges +mortgages refused if service charges exceed 1% value. https://t.co/zvwpyRHsEY
This piece hits the nail on the head. The first step of the property ladder - the purchase of a flat -,is broken. Most flats are leasehold, a legal status in which the true owner of the flat is the owner of the building who can demand unlimited cash. https://t.co/A6UH4e8Nb4
The anniversary of the Grenfell tragedy is coming up. So many people I speak to don't realise there are still SO MANY unsafe buildings. It is beyond belief that successive governments have failed to get a grip on a national scandal #endourcladdingscandal
https://t.co/ZYcaBQLife
@bevcraig You are including shared ownership in "affordable", and deliberately conflating this with social (affordable) homes.
Stop this gaslighting please.
There is plenty of evidence that SO is not affordable - read the select committee report.
https://t.co/Z1ZxFc4f2k
Today the scaffolding started going up for our cladding remediation. 5 years after we submitted to the Building Safety Fund and 18 months after submitting to the Building Safety Regulator. My son wasn't born when we first submitted and now he's at school. @EOCS_Official@ukcag
As absurd as it is, council building inspectors can't be made accountable for missing fire breaks. That is the law as it stands. Whatever is missed, responsibility falls on the builder. But builders use SPVs and fold to avoid the legal net. Leaseholders get screwed.
Delicious to see this. The government’s failure to deliver on a key manifesto promise to end leasehold for good is now hitting developers in the pocket. Buyers, including overseas investors, have wised up and refuse to become debt slaves to freeholders. https://t.co/Qz7M8tFFEm
@AndyBurnhamGM Hey Andy,
We used to be neighbours. I unfortunately now live in Keir Starmer’s constituency and he’s let us down (folded like a cheap deck chair when it counted).
I’m at my parents now, near Makerfield, would you be available for a 5 minute chat this week?
💢LIES, DAMN LIES & STATISTICS
Many thanks to Alexander Hamilton for this forensic dive into latest gov data claiming over 92% of leaseholders are happy with their tenure.
@mtpennycook@SteveReedMP@LKPleasehold
👇👇👇👇👇👇👇👇👇👇👇
The claim that the 2024–25 English Housing Survey shows overwhelming satisfaction with the traditional third-party landlord model of leasehold is difficult to sustain once the underlying categories are unpacked. First, the survey’s leasehold category includes a significant proportion of dwellings with a share of freehold and an unspecified proportion in which landlord control over service charges has been reduced through RTM or RMC arrangements. Second, the survey question used here measures satisfaction with accommodation, not satisfaction with leasehold itself. When respondents are asked more directly about leasehold, the available evidence appears markedly less positive.
https://t.co/2FV0amH2Tq