I can quote an example where, if the people had managed to buy the freehold from the developer at the beginning, it would have cost them between £2,000 and £4,000. A year later, when they applied to the so-called long-term freehold interest—often using pension money for purchasing—they were quoted £40,000. When they objected, that came down to £30,000, but they were still left being completed shafted.
Leasehold and Commonhold Reform
Proceeding contribution from
Peter Bottomley
(Conservative)
in the House of Commons on Thursday, 21 December 2017.
It occurred during Backbench debate on Leasehold and Commonhold Reform.
Type
Proceeding contribution
Reference
633 c457WH 
Session
2017-19
Chamber / Committee
Westminster Hall
Subjects
Librarians' tools
Timestamp
2020-01-29 16:14:25 +0000
URI
http://hansard.intranet.data.parliament.uk/Commons/2017-12-21/17122156000061
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2017-12-21/17122156000061
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2017-12-21/17122156000061