"It's A Scam... We Will END This Leasehold System" Says Barry Gardiner MP | Dr David Bull
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- เผยแพร่เมื่อ 2 ก.พ. 2024
- In November 2023, the Leasehold and Freehold Reform Bill was introduced to parliament. The Bill is swiftly moving through the legislative process, but as of January 2024, it's uncertain what will be enacted before the expected general election this year or how a potential Labour government might approach it.
Dr David Bull speaks with Labour MP for Brent North, Barry Gardiner.
#news #property #home #talktv #talkradio
Paying companies who own the lease money for literally nothing. Doesn’t that just sum up Britain in a nutshell??
Its how they offer such "deals" with new builds, and they try and rope you into using their solicitors etc etc. I looked at new build houses, decided not to bother and bought a 1960s house in the southeast.
It's not just new builds. There are some people who have bought their council flats on leasehold and were expected to pay for improvements of other flats on the estates they were living on who were only renting them. It's disgraceful that it's not just Housing Associations that do this. It's to save the council from paying out themselves for properties which need repairing in Brent North.
It is a scam ! End all leaseholds that is flats and homes ! Just like Scotland!
Leasehold is very rare in Ireland as well.
They won’t / can’t because of pensions
What a joke this country is, unbelievable.
I purchased a flat in 2017 as a 24 year old first time buyer. I was told that I'd have to pay a service charge of £917 a year....my first bill was over £2000! How can it be legal to mislead people like that
Sorry that is happening to you but congrats on working hard enough to afford to buy at 24
Because you signed the contract.
It's unfair, it's predatory, but it's the law.
That's why it needs to change.
People should always read the small print and also those charging such a service charge should be able to justify the size of it and tell you what to expect for it. I believe it's possible to take them to court or a tribunal if they seem to be overcharging. Flat owners would probably need to club together to do that.
sadly its not being mislead, charges increase and more health and safety requirements come in. The solicitor should have very clear about the obligations you were taking on, and no guarantee what costs would have been in the future.
" You'll own nothing and be happy" as soon as sheeple turn off Corrie and wake up to that, the better. This frog has been boiling for decades
In the UK.
I pay £500 a year to the freeholder for absolutely nothing.
And 2000 a year to management company for repairing Carpark, communal areas etc.
Remember
When nothing goes wrong. You are a lease holder
When things go wrong
Repair and damage
You are a home owner
My time back 1982
2 bed flat lease hold was 999 years
Like having a free hold
I now passed on to my son
Hopefully he'll pass it on to his children
Unfortunately landlord Wii not benifit
Ground rent was 8.00
Per year. Fixed
Unfortunately not to day
Landlord caught on
Wiil not see 999 lease hold
They been talking about this for the last 40 years
Nothing done
Not less the law on lease???? 😂
Jesus. When I bought a leasehold I was paying 1600 in service charges and 150 on ground rent. It's absolutely nuts. @@terryo5672
You knew what you were buying when you purchased it, no sympathy from me !
True I woundnt touch lease hold especially today
My time 1970
Lease hold flat
I had 9 9 9
Golden years back then
Tories have completely bottled on leasehold reform. Terrible.
there are alot of big rich bas-tards who are trying to stop this leasehold reform bill and these tories are being got at
Can’t believe this system still hasn’t been abolished!
Someone working in financial services buys a leasehold flat and takes on all the liability. Leasehold is a scam, always go freehold, and never buy a flat, service charges, and renewing the lease just isnt worth it.
Some of us living in the crowded South East don't have a choice. Nearly all flats are leasehold 😟
@@fluffy-puffy-puppyI live in the south east. 3 bed house. I moved from the north due to lack of jobs in my industry (Software developer). The country is a small place these days, personally I would move if I could not buy a house, or job's salary didnt keep up with living costs
Not everybody can not afford a house and most flats are leasehold. Such an ignorant comment to make.
@@TJTOPBOY "not everybody can not buy "
Seems like a double negative...are you saying everybody can buy?
I think you mean "not everybody can buy..." first things first, I never said everybody should buy, but wouldn't these people be better of renting, rather than buying leasehold? Which just seems like renting forvtge long term with all that liability that normally a landlord would take on?
Fun fact 20% of all homes in UK are leasehold, there literally wouldn’t be people on the streets if no one bought leasehold
Building homes has been reduced to mass cheap box making.
Independent quality control was removed by the Tories when they took it away from building control in local councils and allowed developers to hire their own building inspectors.
It's not just the Leasehold system that's a scam, many Freehold buyers also find themselves bound by Restrictive Covenants on communally owned areas of the estate, in effect, tying them into a Leasehold agreement where the law gives zero protections. Both these areas need to be dealt with in any legal reforms.
Conveyancing solicitors should be looking into such things and advising their clients (the buyers) before they buy. I suspect the above scenario happens in properties that were once owned by public bodies such as locals councils and are a legacy of the 'right to buy' legislation.
Bout time it got sorted out!!
0:50 promises promises
The cost of repairing a roof leak should not cost £170k. That would be a complete new roof covering and if relatively new should be under the guarantee. They should obtain a quotation for repair and challenge the owner of the original price. I suspect then you could report the difference to the Police as extortion and fraud. That’s what I would do.
The company who owned my muming laws flat did exactly the same kept changing..for an example I got a price for a complete new flat roof he quoted eleven thousand pounds..and the owner said we have our own builders and it went to court but we lost several times for different jobs but just losing money..anyway the company got the flat roof done on the flats..and cost sixty grand...my poor muming law was so upset we have to help her to pay she only had fifty thousand pounds life savings..absolutely diabolical disgrace..all lease property it there for people stealing money from you...its time up for lease holders..its gotta stop...
@@paulhaley5009 It's outrageous and unjust (By the way you've invented a sweet term muming law, instead of mum in law).
@@heliotropezzz333 sorry about that I'm dislectic if that's how you spell it..but it doesn't bother me..
@@paulhaley5009 O.K.
heliotropezzz333.hi i do really apologise I'm so sorry i took it the wrong Way..I feel terrible now I read your text again and you was very nice..I really am sorry..
Barry Gardiner is a legend he should be a minister in a Labour government
This is a great information, im looking to buy at some point this year and will avoid anything which is leasehold.
A very wise decision 🎉
The leases go up in cost too. I’m looking to move and a flat would suit me but a freehold flat is very hard to find.
If the only choice between leasehold and living rough on the streets is the leasehold then buy leasehold. Apart from that, NEVER touch leasehold, or it's modern variation, fleecehold.
So many of the leasehold stories take place in places like london and involve professional people you would expect to have more common sense than to take on a leasehold property.
I was taught by my parents growing up, long before i ever considered getting my own home what a scam leasehold property is. That was back in the late 80s and when i was a teenager.
It's shocking that even today there are lots of people out there who are completely unaware of what leasehold property is or that it even exists.
I’ll believe it when I see it. Labour are all talk just like the Tories!
Labour is likely to change it than Tories
He also failed to mention the Labour Party lowering the fire safety standards and closing fire stations, conveniently.
@@auntsally7790 When was that?
How do you know, they've not been in power for 14 years, and when they were they did a lot. They'll know also that they can't behave like the Tories if they want to stay in power.
@@XMan-qu5kl more likely to
Well done, Barry Gardner. This matter has needed dealing with for a long time.
If it comes to fruition, Labour have already backtracked on many issues before they have even got into power.
He's been on the case for a long time. He just hasn't been in government so not able to change things but hopefully the next general election will bring him into government.
Don’t touch a leasehold property with a barge pole!
House of lords = House of LAND lords. They gonna try keep it the way it is.
Read an account by George Orwell written probably sixty years ago where he is describing the leasehold thing a scam (not in those words) Time for a change and the quicker the better.
Very few super rich individuals own most of the flats and houses and nowhere is left to live. Those super rich rent them out under leasehold title. Ordinary people buy them as leasehold properties since they need somewhere to live and the super rich continue to benefit from the system. This is my understanding. If I am wrong please someone should explain to me...
And we believe Labor why.......Vote Reform UK
I will vote Labour as of today as they are the only ones committed to abolishing the leasehold scam, but I am keeping an open mind. What is Reform's plan on the leasehold scam? I've heard nothing from them.
@@fluffy-puffy-puppyI imagine their plan will have something to do with immigration.
Britain in 2024: flammable cladding was allowed on buildings, and is STILL up on buildings, because the developers and owners are arguing over who should pay for it's removal. Even though a fire in one of those buildings killed 72 people, tenants around the UK continue to live in deathtraps (and pay handsomely for the priviledge).
I won't even touch leasehold. I'd rather rent. We also need to discuss shared ownership, as there are pitfalls to that too. Many schemes have small print designed to catch people out, and keep them trapped in the home they signed up for.
If you rent a leasehold property, who do you think those costs are borne by; the landlord? Hardly! He/she passes on those costs to tenants in terms of higher rent to cover their payments to the leasehold company.
Deathtraps? You melt
The cladding thing is a gigantic overreaction and should never have caused any problem at all. The knee jerk reaction and legal / insurance / "fire safety" bs response has caused more damage than grenfell itself
I live in a flat which was my first property to get my on the ladder and pay nearly 2k a year on service chargers - these prices went up twice last year!!! i dont mind paying a small fee but not nearly £200 a month as well as paying nearly £100 as well on building insurance this is on top of my mortgage and most likely the price will go up this year and not down!!!
What about the people who bought their very run down council flats ?
Sod horrible council flats!
Are you suggesting that they bought them in a run down state?
@@Juliukas101 Council properties are usually very well built as they were subject to proper building control inspections and regulations. They still have to be maintained though, like any other property.
@@heliotropezzz333 Yeo. No other choices
Trouble with governments their two tier, they can and will overturn contracts as an when it benefits them, but state they can't do it for citizens..
Another thing that catches people out is if part of the block of flats is owned by the council. If they decide to do repairs, like a new facia for the building you get hit with a bill for part of the work.
Only having to pay for part of the work is one up on homeowners who are freeholders and pay for it all.
Simple solution. The company that sold the lease, pays the bill for repairs on demand of the lease holder. He then seeks compensation from the builder/developer.
I don't believe him *BUT* if Labour did do this, it would be fantastic and fair. Leasehold is shameful
So what about those who have bought their council flats on leasehold and are expected to pay for upgrading of every flat on their housing estate in Brent North?
Hold your conveyancing lawyer accountable for not advising you what you're signing your life into when buying a home.
They should always explain the small print.
Private flats management companies are so nasty council is ok. Leasehold house is ok
The part buy, part rent was also a scam. Originally it was supposed to be a way to gradually increase your share until you owned it but the housing associations kept putting the rents up and were only allowing a maximum percentage of 50% to 75% ownership so you never got to own it in full. As big a con as "Time Share" properties.
I could NEVER understand how anybody was ever thick enough to fall for that, so you end up paying mortgage AND rent! WTF!?!?
Leasehold will never be scrapped. Who is going to pay the billions in compensation to the 1000s of landlords, will it be the tax payer? if so it amounts to a benefit for the lease holders! Why should the tax payer be expected to pay off a landlord of a block of flats at £6,000,000 each flat in Phillimore Gardens Kensington? and that's just one address. The Duke of Westminster will be making an appearance at the House of Lords whose lease hold property value is £9.9 billion. Don't be daft lad! Electioneering! Clowns to the Left of me Jokers to the Right!
It's in Earls Court and full of weird hotels, v seedy.
actually Andrew you are spot on no one in their right mind would ever bring it in ..because at the end of the day when the landlord sells of his hers property's I.e houses flats..evan mobile homes...once he she did this they like to line their pockets with a regular income I.E buy making the leasehold pay..and that is the only reason this will always get a no from our courts..
No compensation is needed for landlords. If we establish that leasehold is illegal and we abolish it, they have to be thankful that law is not retroactive. They make money selling the flats, nobody is taking that away, we are just scraping the racket of selling the renewal after 50 years.
What i dont understand is how the work/ build got signed off in the first place. Theres been a massive drop in post work inspections. The system is flawed, the devs get away with murder.
Because the Tory government put an end to independent building control inspections of the work (by local councils) and allowed developers to hire their own building inspectors. Developer hired building inspectors want more work from the developers so let through sub standard work.
Leaseholders can get the Right To Manage RTM if the majority of the leaseholders agree they can then arrange their own buildings insurance and carry out the maintenance and repairs to the house or block themselves.
Most new houses are just sash up, badly built ,poor workmanship, poor materials,they look nice ,till you look close
Replacement windows for flats on the Hallfield Estate W2 well over £100,000 pounds. And about 15 to 20 years ago was around £20,000 which was meant to be carried out years ago.
I used to live there! Manangement are horrible.
Only a non property lawyer would come out with this nonsense.
For anyone who believes this will change by Labour, the same question as the MP said, who is gonna pay for changing the contracts of 5M people? Nobody. Best case scenario is the newer buildings will not be leasehold. Existing owners, good luck to you!
I have a leasehold property not a flat but what is classed as a residential Park Home and these are being made exempt from this new legislation simple because it not recognised by the government as property because it is of non-standard construction. However I live there, pay full council tax, water rates and so on like any normal house yet its not property.. Straight away there is the loophole for developers simple build sites with park homes instead of normal homes and they can carry on leasing them what's more is they are allowed much shorter leases like just 15 years
I heard this before and it fits most. The banks are gonna start to buy more homes building new builds. These homes will not be for sale only rent mortgages are risky why bother when they can just rent it and dine works better for the economy
I am a leaseholder - flat in Manchester. A couple of years ago I thought that I would find out about the head leaseholder. After going on the Net and finding out how other leaseholders reviewed them. I was shocked, page after page of very disgruntled people. ( certainly dozens, could be in the hundreds) I now find / feel that those above me in the scheme of things are scoundrels. This is very worrying. I paid good money for my flat, and I want to keep it. Is there any help out there?
Contrary to what Gardiner says here, there are still examples of leasehold overseas. Mostly in Singapore, HK & Malaysia and there are similar systems in other countries in the region too.
Yes
Why anyone buys a leasehold is what astounds me.
You may as well rent.
Not true.
Because it is a tangible asset, one that is quite viable provided one knows what is doing, and because it can be way cheaper than renting. I love my flat! Made loads of money on it. Read the documents!
Naive millenials like myself, desperate to get on the property ladder in the South east. I bought my flat on the assumption that service charges were ~£1k a year, only for this to spiral to £3k in just a few years. Almost all flats are leaseholds and houses in the South East are just completely out of reach. 😟😟
Parliament will never address this either red or blue, why, because you can bet that pretty much every MP in this country has at least one and in many cases several properties they own outright and the leases on those properties are another cash stream for them to exploit. I say this with a high degree of confidence because for a substantial tract of the British population of a certain age, with the means to do so (myself included) owning and letting out a second property was encouraged by the right to buy legislation passed by the Conservatives back in the eighties. Prior to that, the vast majority of Central London properties were council or Peabody trust flats, including those my grandparents lived in, these days they have all been traded through estate agents for what would once have been considered eye watering sums of money. My paternal grandmother lived in a state of the art for its day sixties built high rise block in Pimlico. A google search reveals that currently 42 of these flats are leased, I was surprised it was not more and the block was returned to the council in 2019. This block is barely 15 minutes walk from Parliament and I am confident that many of those 42 leased properties will be used by our MPs while they are in town.
Singapore public housing is based on leasehold system , no strata title
i bought my house under the right to buy then found out i have to pay £150 per year to have to grass cut from the housing association and i have still to ask them for permission to do anywork on my property ie extensions even if its permitted under planning rules they have the last say anyone who purchased there house from the council before the housing association took over are not under these restrictive covenants or grass cutting payment which was sneaked in a few years after they took over
I'm just praying this is not going to put potential buyers off when i come to sell in the next couple of years just another form or control and lease which needs to be changed but the conveyancers claim is normal and wont cause problems in the future sales
The problem is definitely selling short leasehold which is now common, it's nothing more than long term rental with the liabilities of a homeowner.
Leasehold used to commonly be 999 year leases, and peppercorn rent, not 125 years or less, with extortionate groundrents and you could buy the freehold element seperately sometimes. It's an appalling device introduced by developers and bankers to take your money and leave you with no asset at the end. They would say it's because people need housing, and they cant afford it because house prices are about 10 times the average single person wages so they simply find ways to facilitate people having at least some security and not living year to year as a renter and terrified of what happens when they no longer work and cant pay rent.
I wish they'd talk about issues of having to renew a lease. Like people have got 25 to 30k spare to renew or just to add on 60 years
I'm so sick of this Government! Rant over
Just looking on rightmove and there is a freehold for for a 3bed semi for 60k. WTF
Another rediculous scheme in property sales is a seller wanting to place "overage" provisions in the contracts. Meaning they profit from any development you may make to your owned property.
Other positive and negative covenents are also rediculous, where the seller can determine what has to be, or cant be done on your property.
Yeah right, I'm sure the silky king will let that happen on all his property's . 🇬🇧
The usurious modernity…everything solid melts into thin air.
I’m in the hell that is shared ownership and I’m trapped in it. Scam🤬🤯
It would be good if they scrapped it but I don't know if they will.
Definitely a scam
When property is treated primarily as an investment opportunity rather than one of life's essentials, the spivs and wide boys of the property industry take over. Making money is the only thing that matters. Get rid of leasehold and replace with Strata Title ASAP. 10:13
Can someone explain what happens when someone who owns a lease hold decides to change the structure of the property that actually then weakens the structure of the property with potentially dangerous possibilities.
I think they would have to get the permission of the freeholder to make such changes or the freeholder would be the one who needs to do it. Consult the lawyers.
All money for the lawyers…usurious to the core.
Surely they would no if it was a leasehold though .
Barry you're next in to bat. Please keep your promises to abolish leasehold after July 4th.
Head lease: The freeholder can take action if the windows are not internally cleaned at least once a month.
Will labour release leaseholds for houses as well?
Sure, Starmer will fix it immediately. Oh wait 😂
The pictures of flats on here is from my area 😂
I'd be happy for the freeholder to withhold the services they provide by me suspending my ground rent payments.
I was warned off leasehold mortgages 30 years ago I am shocked this is not common knowledge now
I own nothing but I’m not happy. Three years of cladding, unable to sell rent or live in. Repossession order after adding compound interest to £40k cladding Costs! A 3 bed penthouse next to the main line station and cbd. It’s a criminal cartel. No lawyer wil take it on! Why? There is no legislation in place for You peasantry
Sorry but with Starmer in charge nothing will change. It will be his chums making big bucks. So labour will not sort the leasehold system out. :(
Service charge is the biggest rip off i pay 2600 a year
what does commonhold actually mean?
It wasn’t a problem until people got totally unethical and greedy a bit like the whole financial system and in fact if it worked as it should it’s actually beneficial to have leasehold flats.
Nice red wallpaper Barry.
Not sure how people can't seem to grasp that the freeholder is the owner of the land, the leaseholder is just leasing just as a tenant would, only thing is their lease period is guaranteed increasing their security of tenor. Don't buy without knowing all the details, don't cry about it and expect the Government to change the law to benefit your situation due to poor choices....all sounds a bit socialist.
Oh ay Back Hand Barry how credible a voice.
This country does not need the Barry Gardners of the world.
What are you alleging about him? It sounds like a bit of libel.
we will end leashold flats & houses One thing he never said is when we've been waiting for this leashold reform bill for years , has not furfilled what it was ment to , and by the time it goes through all the think tanks again through Labour it will be probebly another what four years yes my friends it keeps going the uniparty system....
I think Labour will be in government within this year. Lack of power has hindered progress on this.
He's in no position to give a cast iron guarantee.
When will this happen?
When Labour get into power again (later this year, depending on how people vote?) but how quickly depends on the priorities. There is so much mess and chaos for Labour to sort out.
I would be surprised if something stupid like this didn't exist.
Well thats the system they use in China
The only answer is people should not buy a property with a lease hold then the owner will be forced to get a freehold put on the property think before you buy??
I doubt that would happen. Learn to correctly punctuate!
I thought Britain eliminated the class system...guess not!! The haves get to scr&w over the have nots. 😂😂
It never been more clear the CLASS SYSTEM is truly well embedded in british society!
We got captured by Usury
@@genigeni9335 indeed...
Welsh flat leaseholders need your help!
Nothing happened after this
Because there has not been a general election yet so Labour is not in government. People have to vote to make change happen.
why wasn't this ended 20 or 30+ years ago?
Did you know 45% of the rental homes owned by politicians? Leasehold etc is big profit maker for politicians, it will be interesting to see if the leasehold reform passes and becomes law so that i can extend my flat lease which is 73 years lease to 990 years!
He was excited not he was exciting.
i daresay starmer will u-turn on this pretty quickly
Tories want to get their watered-down version through before the GE.
I doubt it because Labour will know (or quickly learn) that they can't behave like the Tories if they want to stay in power. I think housing problems will be quite a high priority for them.
"Somebody else has control over your home, it's not you but you end up paying for it."
I presume, based on that logic, that Mr. Gardiner also voted Brexit.
hes not wrong. even freehold property owners still have to pay property taxes because of the feudal split title system.
Even Freeholders dont own the land they just own the title to the land. Its how they can force you to jail or take the property if you dont pay your feudal Lord his taxes.
Its all a massive ponzi scheme.
How is it a scam? People knew what they were buying! No sympathy whatsoever for them, like PPI, claiming they never asked for it, but paid for it every month! Then want compo, end the leasehold system then oh compo to freeholders, simples
Oh it's Chinese spy Barry again.
Probably the least of worries.
Happy new financial year 2023-2024
Spacecraft should be in accordance to sharing networks cryptography of addresses in alphabets numbers characters symbols images photos videos animation artificial intelligence brings infinity spacecraft is use to visit travel live stay freedomly around the world as well as infinity blood cells life grows to infinity among humans animals body in accordance to energies level as well as energies like air water fire wind space life grows to infinity in accordance to energies varieties as well as stocks flows in stocks units freedomly as well as blood flows freedomly in blood cells as well as air water fire wind space energies flows freedomly in to land river sea ocean sky freedomly as a result infinity blood as well infinity stocks lines signs marks automatically invisible from body of humans animals as well as geographical world as well as life grows freedomly in to organism as well as planet 🌏 etc is called information platform .
Regards
chetan arora India 🇮🇳
Mastermind is a consult to business as well as body moves from brain is called Mastermind
There's always been this problem, and its half the reason we've been in this housing crisis.
However I'm more concerned that Barry Gardiner is a work labour MP.
Labour do not deserve this MP,Barry please speak to Richard Tice,and tell him you want to jump off that sinking Labour ship.!
Your skills Barry are wasted in that party, as of right now as much as i totally agree with what you say,i could never vote your party in.!!
And i hope my fellow brits think the same.
Now if you was a REFORM Candidate, then I'd be very interested in what you could potentially achieve for not only your constituents but also our Great great country. 🇬🇧🇫🇴🇬🇧🇫🇴🇬🇧🇫🇴🇬🇧🇫🇴🇬🇧🇫🇴🇬🇧🇫🇴🇬🇧🇫🇴🇬🇧
Reform won't tackle this. Their interests are the same as the wealthy elite (freeholders and landlords). They are to the right of the Tories ideologically. Besides we want work MPs don't we? We don't want ones that don't work but sit on their assets and directorships doing nothing while the money flows into them.