Paula Higgins

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Last quote by Paula Higgins

The main reason is that housebuilders have a strong financial incentive not to offer commonhold. Why would a housebuilder hand over commonhold ownership to flat buyers, when it can retain the freehold and sell that freehold on to investors at a premium a few years down the line, and collect ground rent and administration fees in the meantime? Leasehold ownership can be traced back to the Domesday Book and it is a practice that should be relegated to history.feedback
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Apr 05 2017
Paula Higgins has most recently been quoted in an article called Leasehold 'nightmare' will cost homebuyers billions, report warns. Paula Higgins said, “The main reason is that housebuilders have a strong financial incentive not to offer commonhold. Why would a housebuilder hand over commonhold ownership to flat buyers, when it can retain the freehold and sell that freehold on to investors at a premium a few years down the line, and collect ground rent and administration fees in the meantime? Leasehold ownership can be traced back to the Domesday Book and it is a practice that should be relegated to history.”.
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