Leaseholders in Peterborough can't sell their homes!

[@jamesdean1143]

I lived in Switzerland where there was no concept of leasehold. We had 8 flats in our block, all managed by our own collective. UK supports the parasitic classes and their unearned income, milking the poor.

[@caravanlifenz]

Switzerland does everything better than the UK, so this isn't surprising. Switzerland's government structure puts the needs of the citizens first.

[@rafaeldla]

When I lived in the UK I was shocked when learning about the leasehold system. They really milk you for all you've got over there :-(

[@katjaxxx7353]

In Germany on the privat rental you can only put up rent 20 percent in two years. There is a cap.

[@fernandoperezmerono7980]

Same in Spain. Owners handle the building

[@Zerion]

@@caravanlifenz This is only possible when you have a small, homogenous and educated population.

[@beltingtokra]

Outrageous, my mortgage is less than their service charge 😮

[@londonspade5896]

Where do you live? That sounds very reasonable

[@katjaxxx7353]

Where you live, in Luton?

[@eattherich9215]

What the hell, £445.40 PER MONTH service charge?

[@Ash-BRFC]

Uncapped, unregulated, can go up to anything just make a number up

[@katjaxxx7353]

Normal in London. They pay a gardener and someone who cleans the leaves of the indoor plants 🪴 no joke. We moved now

[@chesshooligan1282]

@@Ash-BRFC It can only go up to anything as long as there is no competition. Keeping prices in check is one of the things free markets are for.

[@stevewiles7132]

Try living in Canberra.

[@Inscydeus]

​@chesshooligan1282 Sounds great, shame it doesn't work in reality.

[@DavoInMelbourne]

Greed, pure and simple.

[@kjeksklaus7944]

I seen an awesome apartment that I really wanted to buy this year, it was perfect. Service charge was £230pm which was a no brainer not to buy, it's a lifetime mortgage and it only goes one way.

[@brianlopez8855]

challenge your service charges at the Property Tribunal based in Cambridge. £100 application fee plus £200 hearing fee

[@jonc67uk]

Same thing happening in Florida. Loads of condo owners getting priced out of the apartments they bought. It's a worldwide problem.

[@nerojay2105]

How is this legal? They are obviously being scammed. Disgusting.

[@leonie563]

Sounds like they want to clean out people's superannuation now by hook or by crook.

[@jablot5054]

Because the people making the laws own the property.

[@ckzf1842]

Yes , but the Leasehold and Freehold Reform Bill was just passed by both Houses on Friday ( 24/05/2024 ) , and just awaiting Royal Assent ; legal and while it is not a Silver Bullet , it greatly improves the legal rights of Long Leaseholders .

[@fatimateresa19]

Does it said anything about a cap in service charge increase ?

[@distilledgogilba]

Do not buy leasehold, just don’t. It’s a uniquely British system set up to enrich the intermediaries who provide no/little service like the freeholder and the managing agents (typically linked to the freeholder). The legal protections (tribunals etc.) are archaic, set up to favour the freeholder and lump most of the legal costs on to the leaseholder. Things are a tiny bit better than they used to be a few years ago but there’s a long way to go. Remember, nothing is going to change soon as the vast majority of freeholders in our country are wealthy generational landowners who have a lot more power to stop change than the average first time buyer Brit that buys a flat.

[@rb5174]

English/Welsh, not British

[@distilledgogilba]

@@rb5174 Absolutely right, Scotland got rid of leasehold a while ago, well done to them!

[@eattherich9215]

I have always lived in leasehold properties - mostly converted houses. I have avoided buying in those shiny new developments.

[@distilledgogilba]

@@eattherich9215 Good for you, especially if you own a share of the freehold as well. Still doesn’t make leasehold a good system.

[@eattherich9215]

I do own a share of the freehold. Leasehold is not perfect, but reform is proving difficult for all sorts of reasons.

[@DrawnInk1]

One word, criminal. I feel for these people.

[@metallitech]

Those flat roofs would have put me off. I think they usually leak.

[@FurQ69]

They slant very slightly so water can run off.

[@davidcaldwell4953]

There should be a percentage cap of what they can increase the service charge to per year same with rents.

[@lily_m3538]

So much for this useless Tory government promising to reform the unfair and greedy leasehold situation.

[@MargaretOHare-p8h]

All talk

[@andreasgerlsbeck]

Living in a property and not owning the plot is the dumbest thing ....for christ sake what are the sheeple doing

[@Saturntabbytype2]

Unreal especially with a mortgage as well

[@strategystuff5080]

The Uk's laws regarding property are insane, if you don't own you are screwed.

[@stumac869]

Problem with service charges they generally only go up and with high inflation that could be a significant sum added each year.

[@Christine-d2s]

My flat in Eastbourne, East Sussex , maintenance charge is over £300 per month

[@mikythesaint6507]

They can all club together and sack the management company.

[@cianog]

How can people afford £400 plus on top of mortgage payments!

[@ZinadineCygan]

Insane

[@pauluk2608]

Never understood why anyone would be a lease hold

[@richardlinks558]

I own couple flats in those Victorian buildings. The charge is only less than 100 per month and it includes building insurance already.

[@baldeepbirak]

Should be illegal. Doesn't represent the cost increase. £84 to £300+ in 8 years. In comparison Council tax doesn't increase that quick. Should be level to inflation.

[@maureennewman905]

This is criminal

[@shrunkensimon]

Absolute robbery

[@wondereagle]

It always starts low…scam.

[@lagerhound]

When the service charge increases substantially and all the flats in the building are paying the same. Surely they have the right to ask for a summary and a full breakdown of the costs, to see exactly what they are paying for and where their money is going.

[@SloopyDog]

Why did they buy them when they knew they were leasehold.

[@stevesntrains]

While this whole thing is an abomination, I have to ask did none of these people read the small print before signing agreements? They are suffering now from not doing their own due diligence before hand. Take ownership of your actions and stop whining.

[@nfornneka]

STOP.BUYING.LEASEHOLD,!!!!!!!! Not sure how many more of these videos ppl need to do before people stop buying leasehold

[@eattherich9215]

What is the alternative?

[@kjeksklaus7944]

it's not leasehold. You can buy a freehold apartment and still have service charges. You are talking about intertwined but different things.

[@wattbenj]

You can tell someone not to buy leasehold as many times as you like, and they’ll do it regardless

[@bh-zj4yt]

Every spike in prices from lumber, baby formula, gasoline, eggs and HOA’s is manufactured.

[@robertguildford]

Leaseholders my advice, start an action group to unite all leaseholders in the UK. You are voters. James Callaghan included abolishing leasehold properties in the labour manifesto of 1979. Thatcher was elected instead. This proves if there is a will it can be done. The two main parties won't do it unless there are votes in it. WHY? They both take money from large and multiple freeholders. Make the argument that new companies can be formed to manage the properties on behalf of the new shared ownership properties ie repairs, grounds maintenance etc. You will still pay a monthly fee but the occupiers would have control by electing a representative(s) to liaise. The companys who are formed would manage multiple properties employing people who would pay taxes on their earnings ad would the company.The present leasholders would get a monkey of their backs. Its a win win situation all round. The Question is who has got the testes to do it, have you?????

[@grantbeerling4396]

And the 1915 Glasgow rent strike led to 1915-1988 rent control which in turn led to low land values as landlords left the market. Until 1979 (Thatcher) 1988 (end of rent control) 1996 (buy-to-let), 2010, help-to-buy (inflationary), extended mortgage lengths (inflationary) and corporations buying in via 'Urban Development Corporation' redevelopment (a US idea that sidesteps local objections, ie London Docklands LDDC, Nine Elms, creating pseudo-public space. Ref; Dr Anna Minton; Ground Control). 'Rentier Capitalism' by Brett Christophers

[@RearViEwmirror-3]

Who would pay that much in Peterborough unless a corporate is paying for their employees..

[@andrewsundell2502]

Oh come on now don't be unkind, the managing agents feel they all have a right to a top of the range BMW!

[@damianbutterworth2434]

Stop paying it.

[@katjaxxx7353]

Are you serious? Bailiff… hellooo? Poor credic check?

[@damianbutterworth2434]

@@katjaxxx7353 take them to court then. Perhaps the new government will sort it out. Doubt it as they are all the same.

[@FurQ69]

​@@damianbutterworth2434of course they won't they hate the public.

[@sparkplug964]

The government need to step in on this situation as these management company's are just ripping people off. But then again the lease holder concept is a complete rip off from start to finish.

[@FurQ69]

Liebour will do nothing they want you penniless, you'll own nothing and be happy.

[@voice.of.reason]

I would never live that near to a busy noisy main road

[@connormcleod9595]

Wtf!!! Robbery

[@beam3819]

EU rules/ climate change rules on top of the high prices makes us debt slaves. Politics for the rich.

[@jtjt4382]

WHO OWNS THE LEASE, THAT YOU PAY ALL THIS MONEY TOO , ARE THEY BRITISH I WOULD DOUBT IT IN THAT AREA

[@dylancarter1831]

Well, people let them get away with these things. Apparently you can now band together and sack management companies, they should shop around.

[@kevinbaxter7390]

Plus it’s just PETERBOROUGH

[@allykhan8594]

All leasehold should comes share of freehold!!!!!

[@majorlaff8682]

Most of the world is empty. Why live in a chicken coop?

[@kbdkbd99]

£445 per month service charge ? £269 per month rent. the service charge is too much, but i dont understand why the rent is so cheap.

[@merkavah4]

That’s the shared ownership one - the rent is for the part she doesn’t own. There’s her mortgage payment on top of that.

[@kbdkbd99]

@@merkavah4 thankyou, i took that into consideration already. $540 for a 2 centrally located flat in peterborough is very good. i wonder how it's done so cheaply

[@paulgoode5245]

Disgusting mine take the mick big time. My first 6 month bill £1029 other side of the football ground

[@newshades7009]

I would rather live on a canal boat

[@ChristopherLyon-r8v]

The APEX building across the way from there os a far nicer building in my opinion.

[@Outdoorshuntingshooting]

don't pay. simple.

[@allykhan8594]

Extortion!!!

[@eddieharris6004]

Sry but little sympathy for anyone buying a property with a service charge attached....obviously the builder wants to lure buyers in with an initial modest charge.

[@bjk151gray7]

Pure greed

[@Exciteddelirium1]

Lease hold, a very British rip off

[@markhartuk]

It’s shocking, but…..you signed up for it!

[@karisno7798]

UK mentality

[@Bercilakdehautdesert-yt1gd]

People don't read anything over half a side of A4 these days "TLDR" - rather whine about it when they find out the hard way.

[@andykerr4180]

You need to get your lawyer at time of purchase to have a look at the lease and management company. Leasehold can bite if you don't check for service charges and responsibilities/restrictions. I would not touch a flat especially these days because not only do you potentially have these issues but a builder could offload a block of several flats say to serco to HMO them for asylum seekers or council might buy them for vulnerable people ie problem Tennants etc.

[@pja8901]

They get you by reassuring you the lease charge is reasonable, £80 a month, to keep the apartments clean, maintained etc. They promise it won't go up. But that is the trap. Once they sell all of the flats, they spring on you the insane charges... £700+ a month! I do feel for these people. They were scammed and preyed upon, for having the dream of owning their own home.

[@pauluk2608]

Buy lol

[@shrunkensimon]

Absolute robbery