bbc.com

Soaring Service Charges Cause Financial Strain for Leaseholders in England and Wales

A BBC investigation reveals how leaseholders across England and Wales face skyrocketing service charges imposed by the freehold company Assethold, leading to financial distress and mental health issues. Homeowners describe alarming increases in fees for basic services, with one tenant reporting a 320% rise in four years. Courts have found Assethold to have overcharged residents by nearly £1.2 million. New governmental reforms aim to enhance transparency in leasehold agreements, but campaigners express doubts about the sufficiency of the proposed changes.

Source

LEAVE A RESPONSE