BBC Morning Live: Leaseholders fight back against insurance commissions (31/10/24)

[@annemievandevelde447]

I consider the mortgage lenders complicit. They should not be granting mortgages with the property as collateral to leaseholders who do not own the property. Think the government could put a quick stop to that so no new "sales" of leasehold properties can be financed with a mortgage.

[@stanthemafia]

Never buy leasehold

[@boxart5268]

That's hard one. Many people can't afford to buy a freehold house, so buying a flat is the only way for many of us to get on the housing ladder. But with that said, I wouldn't buy a leasehold again.

[@eattherich9215]

'Never buy leasehold'. It depends on what type of property you choose. Those of us in low-rise or converted properties not owned by a giant corporation, fare a lot better. Don't get glimmered by slick marketing and shiny surfaces. You are effectively living in a giant cash machine from which the property owner and management companies will make frequent withdrawls.

[@a-qy4cq]

@@boxart5268 You're not on a property ladder with a leasehold flat.

[@fatimateresa19]

In Scotland it’s illegal

[@utterlee]

This buildings insurance scam needs to end. Mine increased by 10x in the space of one year, from £40 to over £400.

[@ohgreat688]

Gladly there is class action.

[@funkedouted]

There will be a catastrophic collapse in the Leasehold market if reform does not come very,very soon.

[@eattherich9215]

The previous government kicked that can down the road and it's not a top priority for Labour either.

[@arthur1670]

Scotland changed it in 2015 or something

[@eattherich9215]

I live in a leasehold property and have just extened my lease to 999 years. What I don't have is multi-tenanted building covered in dangerous cladding. My low-rise, traditional built block costs us leaseholders only £3,200 to the year ended 31 December 2024.

[@maureenhindhaugh4702]

Its a complete and utter racket, when we had a leasehold property l could have had insurance for less than half we were paying. Thank god l sold the place.

[@fatimateresa19]

Scotland doesn’t have leasehold !

[@MePeterNicholls]

No. The renter of a leaseholders property is the lowest

[@morganoox3838]

They said "by 2030 you will own nothing".

[@arthur1670]

story is worded wrong, renters with a long term rental contract you should day. Leasehold = Rented. You don’t own the freedom

[@Tallisper]

The government has been promising for years to abolish leasehold; first the Conservative Party, then Labour. Yet neither has shown real interest in doing so, as the companies owning freeholds hold significant economic power and influence in politics. Around the world, people find it hard to understand how something you buy outright is never truly yours. This system resembles a form of communism, with the government appearing indifferent to the plight of ordinary citizens.

[@fatimateresa19]

The dukes make money of leaseholds

[@user-ic7mv6bj4w]

The tory government allowed this to happen.