Matt Lismore

Opinionated left centrist, Labour Party Member, East London leasehold & social housing activist, neurodivergent & partial to football.

[Matt Lismore @MattLismore]

🧵🪡 On why the £500m regeneration of the Gascoigne by @lbbdcouncil @BeFirstLondon and @BDReside is considered by those living within it as a resounding failure.

[Matt Lismore @MattLismore]

@PeteApps They also suck, so expensive to heat your home & they have so so so many outages.

Not worth putting in

[Matt Lismore @MattLismore]

@Kwajotweneboa Love to see this! Looking forward to listening.

[Matt Lismore @MattLismore]

@irena_vanat 3.9% drop in freehold prices over the same time period that leasehold dropped around 25%, more than 6X the reduction.

But sure, it’s regular boom and bust 👍

It’s relative, and relatively, leasehold is a dumpster fire compared to freehold.

[Matt Lismore @MattLismore]

Two leasehold flats in the same building.

Image one, sold in 2017, £350,000, just a 1 bed.

Image two, £315,000, FOR A 2 BED, nearly 10 years later.

10% cheaper than a 1 bed sold for 10 years prior - leasehold is in free fall.

[Matt Lismore @MattLismore]

@irena_vanat This is factually untrue, another faceless freeholder bot.

[Matt Lismore @MattLismore]

@wharfgirl 10% lower AND one more bedroom.

This too in an area where values have typically exploded for freehold.

[Matt Lismore @MattLismore]

@KaneEmerson Great work from them.

[Matt Lismore @MattLismore]

@ecoboy247 @FreeLeasehlders It’s not ideal I agree.

[Matt Lismore @MattLismore]

This consultation needs to be answered by as many leaseholders as possible.

Complete before Thursday to ensure the government knows your views on leasehold reforms.

[Harry Scoffin @HarryScoffin]

The government and property mafia don’t want you responding to their rigged consultation, which closes Wednesday night.

It will set the price leaseholders pay to extend their lease or buy out the freehold. Rates will be locked in for 10 years.

The media? Silent.

[Matt Lismore @MattLismore]

Even super prime new builds in zone one are tanking.

Leasehold is dying for new already, but what are the govt doing for those already trapped in the system?

Reduced brand new penthouse in the sky for reference…

[The Times and Sunday Times @thetimes]

The market for apartments is in freefall ― but there are some types that are still in demand. We look at the properties buyers want ― and those struggling to sell https://t.co/wPhL88DVlk

[Matt Lismore @MattLismore]

@KaneEmerson But are they essential to Brick lane? Surely something that can be built in more suitable locations that Zone 1 Ldn.

[Matt Lismore @MattLismore]

@NLC_2019 @ShelshelMichele @LEASEonline Time for a ban on shared ownership I think.

Also mandatory buybacks at market price or purchase price, whichever is higher.

[Matt Lismore @MattLismore]

I fixed for 10 years 🫡

[Telegraph Money @MoneyTelegraph]

When Holly Holland took out a five-year fixed mortgage at 1.19pc in 2021, the 37-year-old says she felt “very smug”.

But like many homeowners in Britain, the couple, who have two children, have just transferred on to a new rate. At a 4.6pc interest rate, their monthly payments have jumped by £400.

🔗 https://t.co/Ly2WeH1Nbo

[Matt Lismore @MattLismore]

The entire football world will be disappointed to see Man City win today, and every other time they win, until this verdict is out and they are punished.

The biggest cheats in English football seem to find it all very amusing.

[Fabrizio Romano @FabrizioRomano]

🚨 Liverpool fans screaming ‘cheats’ even during extra time at every pass completed by Manchester City players.

[Matt Lismore @MattLismore]

@dannybster My old nemesis is an advisor to this council now…

[Matt Lismore @MattLismore]

@LoftusSteve @thelefttake Hi Steve, Grenfell was made possible by buildings legislation being cut by Margaret Thatcher, hope that helps.

[Matt Lismore @MattLismore]

@LoftusSteve @thelefttake Thatcher changed from a model of pre-approved designs to banning things if they became an issue with a “best practices” approach.

By cutting the prescriptive approach or “red tape” flammable building materials ended up all over high rise blocs as they weren’t expressly banned.

[Matt Lismore @MattLismore]

@Bellhookschild Wild isn’t it, meant to get colder soon they’re saying. My roses are still in bloom 🤷‍♂️