Sebastian O'Kelly

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Last quote by Sebastian O'Kelly

Nationwide, which won't lend on them, thinks there are 100,000 leasehold houses and flats that are unsellable owing to onerous lease terms.feedback
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Nov 10 2017
This page is completely dedicated to what Sebastian O'Kelly has to say. All of Sebastian O'Kelly’s quotes are organized here by date and topic. The most recent quote attributed to Sebastian O'Kelly came from an article called Breakthrough in leasehold scandal as Countryside buys back freeholds: “It seems the deal only applies to four to five sites where E&J Capital Partners are the freeholders and where ground rents double every 10 years only. Those Countryside Properties sites where ground rents double every 15 years appear to be excluded from the deal. Also, the deals have not been done where the freeholder is Adriatic Land.”.
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Sebastian O'Kelly quotes

May 02 2017

This ground rent racket is wealth erosion on a massive scale, which has fallen mainly on young first time buyers and their families.feedback

Apr 27 2017

Homebuyers have been systematically cheated by Taylor Wimpey – and developers who imitate it with these onerous lease terms. Homebuyers wanted homes and trusted a plc housebuilder. Taylor Wimpey created an investment asset class – the freehold – which it then traded to anonymous and murky investors, who hide their beneficial ownership behind nominee directors. This ground rent racket is wealth erosion on a massive scale, which has fallen mainly on young first-time buyers and their families.feedback

Mar 11 2017

With onerous doubling ground rent terms and similar, which trash the value of these properties, taxpayers are unlikely to get the loans repaid in full. Mortgage lenders should never have lent against these assets either. And their loans are at risk.feedback

Mar 11 2017

A national ground rent strike is a very real possibility here. Can the Government stand by and let hundreds of homes be forfeited? It would be an utter outrage.feedback

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