Freehold Fleecehold Rent Charges - BBC Radio 4 Money Box - 23/11/19

Money Box has learned that an increasing number of families who bought new build freehold homes are finding a few years later find they cannot sell them. It's down to the annual charges made to pay for things like maintenance of roads, streetlights, and parks. In many cases the local council will not take on these costs so, through a management company, developers impose a so-called rentcharge on the houses to cover these expenses. Legally this means that the management company can take possession of a property if the homeowner gets 40 days behind with their payments - something mortgage lenders don't like.

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Видео Freehold Fleecehold Rent Charges - BBC Radio 4 Money Box - 23/11/19 канала National Leasehold Campaign #LeaseholdScandal #NLC