>>
>> In England it's made a bit of a comeback recently with big developers selling houses
>> leasehold with ground rents that my double every few years. As well as the ground
>> rents there are management fees and charges for permission to extend/alter. Basically a goldmine for
>> the developer to sell on. There are now problems where these houses are effectively unmortgageable
>> and unsaleable. Government is supposed to be acting but progress is slow.
In a free society one has the option not to buy those properties on those terms.
Also it makes sense to decline the generous offer from the developer of the use of their solicitor at very favourable terms.
|
