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....The National Leasehold Campaign, which has thousands of members on Facebook who are victims of spiralling ground rents, said it was concerned that developers would switch from leasehold to “fleecehold”. Jo Darbyshire of the campaign group said: “In anticipation of the outcome of the government’s consultation on leasehold reform big developers are now advertising homes as ’freehold’ but further examination shows that they sell the houses and land in two separate transactions with the transfer of the land containing exactly the same permission fees as the leases used to (eg charges to make home alterations, change mortgage lender, etc). ... [Read full article on Guardian ]
Thursday 21st of September 2017 01:17:20 PM
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Latest Finance News related to Freehold

New figures reveal scale of controversial leasehold homes image
Source : Guardian [Read Article] Thursday 21st of September 2017 01:17:20 PM
....The National Leasehold Campaign, which has thousands of members on Facebook who are victims of spiralling ground rents, said it was concerned that developers would switch from leasehold to “fleecehold”. Jo Darbyshire of the campaign group said: “In anticipation of the outcome of the government’s consultation on leasehold reform big developers are now advertising homes as ’freehold’ but further examination shows that they sell the houses and land in two separate transactions with the transfer of the land containing exactly the same permission fees as the leases used to (eg charges to make home alterations, change mortgage lender, etc). ...
Duchy of Cornwall residents fight 'unfair' freehold ban image
Source : Guardian [Read Article] Monday 11th of September 2017 02:26:03 PM
. Prince Charles’s £1bn Duchy of Cornwall estate is facing a rebellion by residents who claim they are subject to an unfair ban on buying the freeholds to their homes. ...
A £7,600-plus service charge on my flat above a shop is bankrupting me image
Source : Guardian [Read Article] Friday 1st of September 2017 12:17:45 PM
....And if you were wondering what Heinz has got to do with all this, it turns out that the global food giant isn’t just making money from baked beans, tomato ketchup and the like. It also owns a portfolio of property investments – including the freehold of Thompson’s leasehold flat, where she has lived for 14 years. ...
Have we gone too far in vilifying landlords? | Patrick Collinson image
Source : Guardian [Read Article] Saturday 12th of August 2017 06:00:37 AM
....I don’t think the Money pages of the Guardian can ever be accused of being pro-landlord. During the extraordinary rise of buy to let we have consistently pointed out its broader social impact, given a voice to groups such as Priced Out and Generation Rent, highlighted abusive practices by letting agents, tried (though not always successfully) to avoid a style of reporting in which house price rises are a good thing, and, more recently, campaigned against the exploitation of leaseholders by freeholders. ...
Breakthrough in leasehold scandal, plus cash grabs by Student Loans Company image
....Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Breakthrough in leasehold scandal as Countryside buys back freeholds. ...
Breakthrough in leasehold scandal as Countryside buys back freeholds image
Source : Guardian [Read Article] Monday 7th of August 2017 03:58:18 PM
. Hopes of a breakthrough for householders trapped in the leasehold scandal are rising after a major developer agreed to buy back some freeholds and axe ground rent clauses. ...
Britain is still a world-beater at one thing: ripping off its own citizens | Aditya Chakrabortty image
....Think about the scandal of people having to pay huge ground rents just to stay in their own homes. For years, big property developers have been flogging the freeholds on newly built estates to speculators, often based offshore, whose only relationship with the people living there is to hit them with ever-larger bills. ...
Leaseholds are not the problem – abuse of them is | Editorial image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:53:08 PM
....The abuse of leaseholds (Editorial, 26 July) is exactly that: abuse. There is nothing intrinsically wrong with leasehold/freehold arrangements in the hands of responsible (and preferably regulated) landlords. ...
Owners of ex-local authority homes face horror of bills running into thousands image
.... There are more than 500 properties on the estate, with about a third privately owned. It is these owners who foot their share of the bill with charges varying depending on the block their flat is in and its size, but it is the freeholder – the council, in this case – that decides what work is done and by whom. ...
Leasehold tycoon: man whose firms control 40,000 UK homes image
Source : Guardian [Read Article] Saturday 29th of July 2017 07:00:44 AM
....He does not appear on any rich list but he has built a property empire that rivals that of the Duke of Westminster. Companies controlled by James Tuttiett, aged 53, have quietly snapped up the freeholds of tens of thousands of houses and flats in almost every city in England and Wales, which are now at the centre of controversy over spiralling ground rents. ...
Victory! New-build leaseholds banned … but what of those already trapped? image
....Many leasehold homeowners face being charged hundreds of pounds just to obtain permission to switch to a new mortgage, Guardian Money can reveal. And some must even hand over a fee to the freehold owner if they want a pet. ...
We have to end the horror of this feudal leasehold system image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
.... Take the apartment owners held to ransom when their lease starts falling below 80 years. Avaricious freeholders make absurdly inflated demands to award a lease extension, safe in the knowledge they hold all the negotiating cards. ...
I’m trapped in my leasehold property by ever-doubling ground rent image
Source : Guardian [Read Article] Thursday 27th of July 2017 06:00:42 AM
.... AC, Coventry. Ground rents have become lucrative business for developers who sell the freehold to investment firms who then profit from the annual income. ...
Leasehold in England and Wales is last redoubt of a colonial relic image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
.... Now the government is proposing a complete ban on new houses sold as leasehold, and reducing ground rents to zero. Traditionally, houses have been sold as freehold, and the buyer has complete control over their property. ...
Ground rents: aristocrats and shell firms among those making millions image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
. Aristocratic landowners with connections to the family of former prime minister David Cameron, mysterious Dublin-based shell companies that pay no tax, and groups based in the Channel Islands are among the freehold owners that appear to have made millions from spiralling ground rents. ...
'You feel ripped off': homeowners' frustration over ground rent trap image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:04:57 PM
....”. A Taylor Wimpey spokesperson said: “We announced last year, following a review, that all future sales of Taylor Wimpey houses on new developments commencing from 1 January 2017 will be on a freehold basis. ...
Victims of ground rent scandal demand action on existing abuses image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:13:28 PM
....”. Tens of thousands of homebuyers have found themselves trapped in spiralling ground rent contracts where, in many cases, the annual amount they have to pay to the freeholder doubles every 10 years. ...
Leasehold houses and the ground rent scandal: all you need to know image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:05:21 PM
.... Now the government is proposing a complete ban on new houses sold as leasehold, and reducing ground rents to zero. Traditionally, houses have been sold as freehold, and the buyer has complete control over their property. ...
Leaseholds on new-build houses in England to be banned image
Source : Guardian [Read Article] Monday 24th of July 2017 11:01:37 PM
.... Javid cited one family home that is now unsaleable because the ground rent is expected to hit £10,000 a year by 2060. Over the past nine months a Guardian Money campaign has highlighted reports of buyers trapped in properties valued at zero just six years after being built, £2,500 fees demanded by freeholders for permission to build an extension, and quotes of £35,000 to buy freeholds on detached houses only just a few years old. ...
Cut-price school uniforms, plus do you know who owns your leasehold? image
Source : Guardian [Read Article] Thursday 13th of July 2017 02:24:48 PM
....UK pay squeeze intensifies as real wages continue to fall. Homebuyers desperate to know who really owns their freehold. ...
Homebuyers desperate to know who really owns their freehold image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
.... They bought a five-bedroom house in Bolton from Taylor Wimpey in 2010, and are among thousands of unfortunate leaseholders put on “doubling” ground rent contracts that in extreme cases have left their properties almost worthless, with mortgage lenders refusing loans to future buyers. The only way to escape the escalating payments is to buy the freehold. ...
Community groups call time on the demise of the British pub image
Source : Guardian [Read Article] Friday 7th of July 2017 04:19:25 PM
....The north-west of England and Wales are home to the largest numbers of co-operative pubs, and while many are located in rural areas, there are a number in towns and cities. The Ivy House in Nunhead, south-east London, is one of two co-operatively owned pubs in the capital – the other is the Antwerp Arms in Tottenham – and was saved by a dedicated group of volunteers who raised £1m to buy the freehold and refurbish the property after it was closed down by Enterprise Inns in 2012 and sold to a property developer. ...
Leasehold now the No 1 concern for UK homeowners, study finds image
Source : Guardian [Read Article] Tuesday 16th of May 2017 05:01:05 AM
....Leasehold has become the No 1 concern for homeowners in the UK, according to a new study, after it emerged that many new homebuyers have been trapped by spiralling ground rents. The annual survey of property owners by the HomeOwners Alliance found that 50% of UK adults see the current leasehold-freehold system (including service charges and ground rent) as a very serious or serious problem, up from 42% last year. ...
Taylor Wimpey compensation offer is PR con, claim victims of leasehold scandal image
.... But as details have emerged, some householders say they will still be left paying “frankly obscene” charges. Jo Darbyshire bought her four-bed home in Bolton in 2010 from Taylor Wimpey without realising the full implications of the 999-year leasehold contract, which allowed the freeholder to double the £295 ground rent every 10 years. ...
Three cheers Nationwide for bloodying housebuilder noses image
Source : Guardian [Read Article] Saturday 6th of May 2017 06:00:56 AM
....25% base rate a stream of income guaranteed to go up by RPI – or double every 10 years in some cases – is an extremely valuable commodity. The big developers reassure unsuspecting young buyers that the 999-year lease is “almost the same as freehold”, but then they sell it on, typically for 15-20 times the ground rent. ...
Taylor Wimpey to pay up to £130m to settle ground rent scandal image
Source : Guardian [Read Article] Thursday 27th of April 2017 11:35:12 AM
....One flat owner reported being trapped in a property that had been rendered virtually worthless just six years after being built. Others have been forced to pay £1,000-plus fees to their freeholder for permission to build an extension, while attempts to buy out the leasehold have been met with demands of £35,000 or more, even though the lease has, in some cases, hundreds of years to run. ...
Taylor Wimpey apologises in leasehold dispute image
Source : BBC [Read Article] Thursday 27th of April 2017 10:45:30 AM
....In a debate on leasehold reform in parliament last year, MPs said thousands of home buyers were being "ripped off left, right and centre" and that it was "nothing short of a national scandal". As well as sharply rising ground fees, many of the contracts also allowed third-party firms to buy freeholds to houses, making it more difficult to sell the homes. ...
'No justification for leasehold for a house' image
Source : BBC [Read Article] Monday 10th of April 2017 08:43:02 AM
. Almost half of all newly built properties in the UK are sold as leasehold rather than freehold properties. ...
Related to :
Four million leaseholders in England 'at risk from rip-off fees' image
. Four million homeowners in England do not own the freehold to their properties, new government estimates have revealed. ...
Leasehold 'nightmare' will cost homebuyers billions, report warns image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:01:13 AM
....58m are “owner occupied”. “But in the eyes of the law, they are in fact owned by their freeholder. ...
ITV to shut London studio with 40-year history of top programming image
Source : Guardian [Read Article] Tuesday 21st of February 2017 04:58:38 PM
....”. The tower block in which the studio is housed was built in the 1970s for London Weekend Television, with ITV securing the freehold on the site in 2003 for £56m. ...
Housing association agrees to buy back homes on 'substandard' development image
.... The sum offered to some people who rented their homes, many of whom were former council tenants, was £100. In a watershed move, Clarion has also agreed “in principle” to buy back shared-ownership and freehold properties on the estate. ...
Are you a serious buyer? Estate agents can now ask you to pay up to prove it image
.... He made out a cheque for £1,000 to Grey & Co, which has two offices in Wembley and is a Property Ombudsman member. But a few days later Nehru met his mortgage broker, who advised him to pull out because of potential problems relating to the property being a freehold flat surrounded by leasehold flats. ...
Basic shop disciplines deliver Morrisons a merrier Christmas image
Source : Guardian [Read Article] Tuesday 10th of January 2017 03:13:19 PM
. Thank goodness Morrisons never succumbed to the briefly fashionable, but always absurd, idea that shareholders should flog the freehold-rich company to a crew of private equity barons to conduct a salvage operation. ...
Housebuilders must halt leasehold sale of new houses, says minister image
Source : Guardian [Read Article] Tuesday 20th of December 2016 05:16:06 PM
....A series of reports in Guardian Money has revealed how developers have been selling detached and semi-detached houses as leasehold, with clauses which allow the ground rent to double every 10 years. The freeholds are then sold on to private companies which extract the ground rent, charge high fees if a homeowner wishes to make alterations, and refuse to sell the freehold except for a huge premium. ...
New era of housebuilding needs new property laws image
Source : Guardian [Read Article] Saturday 3rd of December 2016 07:00:15 AM
....The promise, by Labour’s shadow secretary of state for housing John Healey, comes just days after the government, in answer to a question in the House of Commons, pledged to “stamp out” the abuses highlighted by us. In recent weeks we have revealed how many buyers of new-build homes, particularly in the north-west of England, have been sold their properties on a leasehold basis rather than the traditional freehold, only to find themselves locked into spiralling ground rent demands. ...
Government promises to stamp out abuses of new-build ground rent scandal image
Source : Guardian [Read Article] Tuesday 29th of November 2016 07:00:42 AM
....Many buyers of new-build homes, particularly in the north west of England, have been sold their properties on a leasehold basis. Traditionally homes have been sold freehold, but new-style leasehold homes come with ground rents that in some cases double every 10 years. ...
New-build ground rent scandal could spark legal battles image
Source : Guardian [Read Article] Saturday 19th of November 2016 07:00:01 AM
....Balchin points out that leasehold house buyers find themselves in a worse position than flat buyers. If a developer such as Taylor Wimpey sells the freehold of a block of flats, it has to offer the leasees a right of first refusal. ...
'Life-changing'  image
Source : BBC [Read Article] Friday 18th of November 2016 10:11:37 PM
....In some cases land for development is given to CLTs, free of charge, by a local authority for example. In other cases CLTs may work with developers, who donate the freehold to the CLT after they have made their profits. ...
The ground rent scandal that is engulfing new home buyers image
Source : Guardian [Read Article] Saturday 5th of November 2016 07:01:40 AM
....Can a newly built apartment from Taylor Wimpey effectively be worth nothing after just six years? Sean Greenwood’s wife paid £101,000 for a flat in a new development in Gornal, on the edge of Dudley, which she was told would be a great way to get on to the property ladder. But he claims that some banks and building societies are refusing to give mortgages to prospective buyers because a clause in the original leasehold agreement means owners are liable to pay ground rent to the freeholder that will spiral to £8,000 a year. ...
Buying a leasehold property is not as easy as a freehold image
Source : Independent [Read Article] Friday 4th of November 2016 09:51:00 AM
...
Related to :
The new-builds catching house buyers in a leasehold property trap image
Source : Guardian [Read Article] Saturday 29th of October 2016 06:00:12 AM
.... Taylor Wimpey, the developer, arranged the lease on a 999-year basis, so what could the then 22-year-old possibly have had to worry about?. But just seven years later, when she looked into buying the freehold (to enable her to sell the home more easily in the future) she was astonished to find that, first, Taylor Wimpey had sold her freehold to another company, E&J Estates, and, second, it wanted £32,000. ...
Beware the small print that could hike one-bed flat’s ground rent to £8m-a-year image
....If the property you are buying is leasehold (most flats are), it means the land it stands on is not part of the sale. You have to pay ground rent to the owner of the land, who is the freeholder. ...
Older leaseholders who fought for right to manage their block – and won image
Source : Guardian [Read Article] Saturday 15th of October 2016 06:00:07 AM
.... “As someone who has been in business for almost 25 years I have never seen anything like it,” says Frith. The freehold of Warner Court is owned by Fairhold but run by Estates and Management, who appointed FirstPort as managing agents. ...
Beware the pitfalls that could ground your Airbnb rental plans image
Source : Guardian [Read Article] Sunday 9th of October 2016 06:00:04 AM
....“The implications are enormous,” says Nicole Rogers, a solicitor at DAS Law. “Millions of Airbnb hosts may have unwittingly breached the terms of their lease by hosting visitors, and the ruling may now pave the way for freeholders to take action. ...
When Airbnb rentals turn into nuisance neighbours image
Source : Guardian [Read Article] Saturday 17th of September 2016 06:00:41 AM
....”. The legal avenues available, should it come to this, will depend on whether the property is leasehold or freehold. ...
Slough has most foreign-owned properties outside London image
Source : Guardian [Read Article] Tuesday 2nd of August 2016 04:58:31 PM
.... If individual foreign ownership was also counted, the figures would likely be much higher. The Land Registry lists 99,345 freehold or leasehold titles across England and Wales as being owned by foreign-registered businesses, including 675 within Slough’s SL postcode area. ...
Don't count your chickens … how restrictive covenants affect homebuyers image
....Afraid that he would end up in court, Baker removed the front camera as well. “I’m a first-time buyer and I own the freehold. ...
When sky-high repair bills can make right to buy the wrong choice image
Source : Guardian [Read Article] Saturday 28th of May 2016 05:59:26 AM
. Council tenants thinking of taking up the right to buy their home have been warned they could end up being virtually bankrupt by eye-watering major works bills from their local authority freeholder. ...
Former garage in south-west London fetches £466,000 at auction image
Source : Guardian [Read Article] Monday 9th of May 2016 05:42:57 PM
....The London property market may have come off the boil but the sale of a former garage for £466,000 – £182,000 more than the average UK house price – suggests it is still simmering in some parts of the capital. Up for auction at a guide price of £250,000, the 18ft x 35ft site, described by Savills in the catalogue as a vacant freehold garage, was sold for nearly double that after furious bidding on Monday. ...
Former garage in south-west London fetches £466,000 at auction image
Source : Guardian [Read Article] Monday 9th of May 2016 05:42:57 PM
....The London property market may have come off the boil but the sale of a former garage for £466,000 – £182,000 more than the average UK house price – suggests it is still simmering in some parts of the capital. Up for auction at a guide price of £250,000, the 18ft x 35ft site, described by Savills in the catalogue as a vacant freehold garage, was sold for nearly double that after furious bidding on Monday. ...
How Philip Green's family made millions as value of BHS plummeted image
Source : Guardian [Read Article] Monday 25th of April 2016 07:06:29 PM
.... Arcadia initially retained a further £40m of intercompany debt, but that was also written off in February. It also left £65m of cash in BHS as well as about £100m of freehold and long leaseholds. ...
Luton airport to replace bus transfers with £200m light rail link image
Source : Guardian [Read Article] Friday 15th of April 2016 11:32:20 AM
....The 1. 3-mile link will be funded by Luton borough council, which owns the airport freehold. ...
The Crusader: Shocked freeholder finds home value slashed because lease is just 66 years image
. Shocked owner Pamela S, a joint freeholder in a block of five, found this out while she was exploring whether to sell or remortgage. ...
Sports Direct buys Oxford St store for Flannels and London office image
Source : Guardian [Read Article] Tuesday 12th of April 2016 09:06:11 AM
....Sports Direct is to pay £108m for a refurbished property on Oxford Street to become the first London branch of its upmarket Flannels chain, in a deal done by the boyfriend of founder Mike Ashley’s daughter. The sports retailer has agreed to buy the freehold of Academy House on the corner of Oxford Street and Soho’s Poland Street. ...
Landlords clamp down on the rise of subletting without approval image
Source : Guardian [Read Article] Saturday 2nd of April 2016 06:00:01 AM
.... “It is just something everyone does in my part of the city. I haven’t informed my lender, freeholder or insurer, or had the boiler checked. ...
Beware the Airbnb guests who could end up costing you your home image
Source : Guardian [Read Article] Saturday 2nd of April 2016 05:59:01 AM
.... The ABI says insurers do not, in general, insist you inform your mortgage lender if you let out your home, though you should check the wording of your policy carefully. If properly insured, the legal risks of lending to owners of freehold properties who host on Airbnb are tiny, if there are any at all, say both Howard Dent, a senior lecturer at the Manchester Law School, and Nyree Applegarth, a property litigation partner at Higgs & Sons solicitors. ...
BHS pension: why the regulator wants Sir Philip Green to contribute more image
.... Arcadia retained a further £40m of inter-company debt which is likely to be written off. It also left £65m of cash in the business as well as about £100m of freehold and long leaseholds. ...
Retailer Beales agrees deal with landlords to cut rents in rescue bid image
Source : Guardian [Read Article] Thursday 24th of March 2016 02:38:45 PM
....2m deal. Perloff’s property group, Panther Securities, and its associates had held about 30% of Beales’ stock, as well as owning the freeholds of 11 of the company’s 30 stores and providing a £1m loan. ...
'Hidden' property service charges warning image
Source : BBC [Read Article] Wednesday 9th of March 2016 09:22:54 AM
....". The research also suggested that some developers are also requiring freeholders to pay fees for the upkeep of private roads or communal gardens in private estates. ...
Property service charges soar to average £2,777 per year for new-builds image
Source : Guardian [Read Article] Wednesday 9th of March 2016 12:01:05 AM
.... “We felt we were being charged excessively. We did Right to Manage six years ago [whereby leaseholders can appoint a new manager or take over managing their own property] but the problems didn’t stop until we bought the freehold. ...
Converted nightclub wins Camra's pub of the year award image
Source : Guardian [Read Article] Thursday 25th of February 2016 12:01:17 AM
....Cook said he believed that independence – not being tied to a brewery or a pub company – had been key to success. “I wanted the freehold and it had to be free of tie. ...
Buyer of south London basement will have to dig deep image
Source : Guardian [Read Article] Wednesday 24th of February 2016 01:36:00 PM
.... Bidding reached £27,000 before the hammer came down. The lot was sold by the freeholder of the property. ...
Call to tighten UK's new property law to crack down on ‘dirty money’ image
Source : Guardian [Read Article] Saturday 13th of February 2016 09:03:05 PM
.... The problem is particularly acute in affluent London boroughs, where anti-corruption activists now offer guided “kleptocracy tours” of luxurious properties bought by anonymous offshore companies for cronies of Russian president Vladimir Putin. It emerged last year that large parts of Baker Street, including the freeholds of the Beatles and Elvis Presley stores, were owned by offshore trusts, although the identities of their ultimate beneficial owners – the people who make money from them – remained opaque. ...
Transport for London names partner companies for land development drive image
Source : Guardian [Read Article] Thursday 4th of February 2016 12:29:42 PM
.... Further sites, not formally confirmed but likely to be on the list, include South Kensington, Bermondsey and Kidbrooke stations and property close to Oxford Circus. TfL, which intends to retain the freehold rights to all its land, reckons to raise £1. ...
Will easyFoodstore be the next easyJet – or the next easyCruise? image
Source : Guardian [Read Article] Tuesday 2nd of February 2016 01:38:02 PM
....Location has proved problematic for the company before. Croydon council scuppered Haji-Ioannou’s plans to launch there, and Shackleton admits that finding suitable freeholds has been difficult. ...
Big Society Capital invests in affordable homes image
Source : Telegraph [Read Article] Monday 18th of January 2016 06:47:36 PM
.... Founded in September 2015 by Merchant bank Salamanca Group, FAH has raised £50m so far, and plans to invest £100m into housebuilding over 2016. It aims to invest £500m during its first three years of operation and develop a large-scale freehold portfolio of homes. ...
Why a boom in leasehold flats - for young and old - is causing concern image
Source : Telegraph [Read Article] Saturday 16th of January 2016 07:01:13 AM
. Britain is in the grip of a building boom, but many newbuild flats, houses and sheltered homes for the elderly are being sold as leasehold – rather than freehold. ...
Michelin-starred Galvin brothers eye pub expansion image
Source : Telegraph [Read Article] Saturday 9th of January 2016 05:23:19 PM
....” . Sky-high rents and freeholds in London meant it was also hard for the brothers to find another suitable site for a pub in the capital. ...
Getting the most out of London's most liquid asset: River Thames image
Source : Telegraph [Read Article] Sunday 3rd of January 2016 10:53:04 PM
.... “We’re the custodians of the river,” says Robin Mortimer, PLA chief executive. “We own the freehold, have the responsibility for its use and growing it, as well as keeping it safe. ...
Billionaire Foxtons founder wins right to build 'super basement' for his vintage cars image
.... . The freehold owners Crown Estates granted a limited licence to allow certain works of excavation to go ahead on the four-storey mansion in 2011. ...
Fuller's enjoys Rugby World Cup boost as sales and profits climb image
Source : Telegraph [Read Article] Friday 20th of November 2015 10:23:34 AM
.... Fuller's continues to invest in pubs, spending £53. 4m in the first half on two new pubs and on the freeholds of three exitsing sites - including The Barrowboy & Banker on London Bridge - as well smartening up its existing estate. ...
Who wants to be a McMillionaire? Meet Britain’s hidden army of successful fast food owners image
.... Other companies have different rules. McDonald’s, for example, owns the freehold of all the properties where its UK sites are based. ...
Bannatyne director admits £7.9m fraud image
Source : BBC [Read Article] Monday 9th of November 2015 02:57:48 PM
....It went on to say he had raised the issue of increasing some staff's pay from the minimum wage level, but "Chris Watson argued cashflow would not allow it". He had refinanced the firm in 2014, and sold freehold land which he had to then rent back, "although it had always been my plan to pass the land along with my companies to my children". ...
Cashing in on the London office space race image
Source : Telegraph [Read Article] Monday 19th of October 2015 09:45:05 PM
. The office rental model has been given a Changing Rooms-style makeover by the start-up Office Space in Town, which has ditched the leasing arrangements favoured by the likes of Regus to buy outright freeholds in attractive locations instead. ...
Related to :
From leaky ceilings to clueless agents: tales from a first-time buyer image
Source : Guardian [Read Article] Wednesday 14th of October 2015 09:34:28 AM
....As a tenant I feel like a second-class citizen, pleading for repairs. Wanting to avoid that feeling put paid to one viewing where the other residents in the block of three were the freeholder and her sister. ...
Tesco promises brand price match amid deal to buy back stores image
Source : Telegraph [Read Article] Sunday 11th of October 2015 11:01:52 PM
.... . Dave Lewis is seeking to repair Tesco's battered balancesheet  Photo: Reuters As part of its strategy to increase the proportion of its freehold supermarkets Tesco sealed a £733m property swap in March with British Land to take back 21 superstores which reduced the company’s lease commitments and insulated it from indexed rent reviews. ...
Questor share tip: China slowdown hits leather orders say Pittards image
Source : Telegraph [Read Article] Wednesday 23rd of September 2015 04:31:12 PM
.... Pittards can weather the storm as it raised £5. 3m net of expenses from a share placing and open offer in June and used those funds to purchase the freehold of its UK factory. ...

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