Leasehold campaigner welcomes CMA report on mis-selling

6 March 2020 The Leasehold Solutions Group has welcomed the findings of a report into leasehold housing by the Competition and Markets Authority which has found areas of “significant concern” where the CMA “proposes to take enforcement action”. Leasehold reform campaigner, Louie Burns, Managing Director of the Leasehold Solutions Group, said: “We welcome this report and commend the CMA for … Read More

Law Commission report on valuation lambasted by Louie Burns

The Leasehold Solutions Group has lambasted a report by the Law Commission published today (9 January 2020), arguing that it unfairly favours freeholders’ interests and does not go far enough to make enfranchisement cheaper for leaseholders. The Law Commission’s 322-page report offers a number of recommendations to the Government which are intended to reduce the price payable by leaseholders to … Read More

The Right of First Refusal – Why do you need to act quickly?

If a leaseholder receives a Right of First Refusal Notice, often called a ‘Section 5a’ or ‘Section 5b’, it is important to view this as a great opportunity, possibly even a ‘dream come true’ if you have previously thought about buying your freehold and decided it was all too complicated. If you successfully purchase the freehold of your building – … Read More

Folkestone property expert to host free event to offer advice to Kent’s struggling leaseholders

Folkestone-based enfranchisement experts The Leasehold Solutions Group have announced plans for Kent’s first ever ‘Leasehold Roadshow’. The free-to-attend event will offer specialist advice to owners of leasehold properties caught up in the ‘leasehold scandal’, who may be struggling with issues including rising ground rents, onerous service charges and lease extensions. The Leasehold Roadshow Kent will take place at The Grand … Read More

One million Londoners could face financial exploitation by their freeholders

A leasehold expert has warned that a million Londoners could face exploitation at the hands of freeholders and ground rent investors. The stark warning comes ahead of a free event this September to provide advice and support to leaseholders affected by the nationwide leasehold scandal. Of London’s 3.5 million householders, an estimated third – and over 90% of new-build properties … Read More

Leasehold expert concerned that Government’s ban on new leasehold houses “does nothing to help existing leaseholders”

Prominent leasehold reform campaigner Louie Burns has warned that the Government’s proposals to reform the leasehold house system risk creating a two-tier housing market and do nothing to assist leaseholders already affected by the national ground rent scandal.   Yesterday the Government confirmed plans to abolish the selling of new houses as leasehold properties and reduce ground rents for new … Read More

Property expert urges Coventry leaseholders to act on falling lease lengths

The leasehold scandal has been dominating national media headlines for months. Now a firm that project manages lease extensions has warned that thousands of leaseholders across Coventry are facing huge bills to extend their leases. Louie Burns, Managing Director of the Leasehold Group of Companies, explains: “It is crucial that leaseholders act to extend their lease before it drops below … Read More

Leasehold Solutions urges Government to adopt select committee’s recommendations on leasehold reform

The Housing, Communities and Local Government Committee has published a report into Leasehold Reform which calls for wide ranging reforms to tackle abuse of the leasehold system. The report states that leaseholders have been treated as a source of “steady profit” by developers and freeholders, rather than as homeowners or consumers, and calls on the Government to establish commonhold as … Read More