michelle green

Registered with Property118.com
Wednesday 5th August 2015

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 11

michelle green

15:54 PM, 21st January 2020
About 4 months ago

Pulled out again due to onerous Ground Rent increases

This scandal is growing and growing. Strangely enough I have seen little mentioned on here about leasehold and fleecehold homes - especially, though not limited to -Shared Ownership and new build estates.
These homes are being monetised by large corporations and investment companies. The number of lenders refusing to lend on these types of properties (some are now looking closely at service charges, not just onerous ground rent terms), is growing. Many people are trapped as they are unable to sell.
Very interestingly, whilst, as we know, there has been a raft of new regulations against the small landlord, the abuses of large corporate developers, managing companies and freeholders has been allowed to escalate.
Any idea why this might be???
Two excellent websites -
National leasehold campaign facebook group - over 16,000 members and growing rapidly, and
Leasehold Knowledge Partnership... Read More

michelle green

11:28 AM, 16th March 2019
About A year ago

James Brokenshire on Spring Statement house building packages

This is a joke. The majority of these homes are bought by investors - many overseas.
Those who actually buy these homes to live in are being milked (auctioned off to the highest bidder!) in uncapped service charges and inflation busting rent increases (shared ownership).... Read More

michelle green

0:14 AM, 13th March 2019
About A year ago

Support abolition of Leasehold replacing with Commonhold

We are working hard to spread the word about the scandal of many leaseholds, doubling ground rent, uncapped service charges etc. Up and down the country, thousands of leasehold new builds are being thrown up in haste and sold under onerous,cleverly worded contracts. Please sign the petition. England and Wales are the only places that still have this antiquated, outdated feudal system. Many of these freeholds are sold on to faceless companies registered in tax havens like the Virgin Islands. The NLC are an amazing, proactive campaign group with over £14,000 members to date.
https://nationalleaseholdcampaign.org... Read More

michelle green

18:07 PM, 5th March 2019
About A year ago

Government to assist vulnerable with PRS deposits or first month's rent

“I want everyone to have the security, dignity and opportunities they need to build a better life – at the heart of which is ensuring everyone can find a safe and secure home to call their own".
Really?? That`s why there has been a huge increase in leasehold houses, onerous ground rent terms, uncapped service charge fees and an anticipated flood of huge build to rent estates.... Read More

michelle green

15:01 PM, 5th March 2019
About A year ago

Here we go again - PRS Right to Buy!

Yet how interesting that these are now flooding the country. Huge "build to let" corporations coming your way soon.

https://www.constructionenquirer.com/2019/03/04/build-to-rent-specialist-to-invest-300m-in-birmingham/

https://www.theguardian.com/housing-network/2018/apr/11/build-to-rent-developers-profiting-generation-rent

So...which is it..the right for home ownership...or not...... Read More