Leaseholders are obliged to pay ground rents to his company, E&J Estates, that in some cases will soar to £10,000 a year per home. The government this week proposed a ban on new-build leaseholds, and said ground rents on new apartments should fall towards zero. Her ground rent doubles in January 2016 and will keep doubling every 10 years. She says residents are in “sheer panic” as the ground rent has made their homes unsaleable. The reality of a spiralling ground rent (£9,600 a year in 2060) became clear on Tuesday when this scandal achieved national coverage.

Source: The Guardian July 29, 2017 06:56 UTC