Anonymous buyer picks up proper to collect soaring ground rents on Blythe Court flats from freeholder MPs called ‘criminal’The freehold to a block of flats in Birmingham regarded as the worst example of leasehold abuse in the country has been snapped up by an anonymous buyer for £180000. The deal leaves buyers of the small one-bedroom flats – who thought they would be paying just £250 a year in ground rent – locked into bills of up to £8000 a year and ultimately spiralling to £8m a year over the life of the lease. Continue reading...
Source: guardian.co.uk