Leasehold and Commonhold Reform — [Sir David Amess in the Chair]

Part of the debate – in Westminster Hall at 1:54 pm on 21 December 2017.

Alert me about debates like this

Photo of Peter Bottomley Peter Bottomley Conservative, Worthing West 1:54, 21 December 2017

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.