@HarryScoffin @UKLabour @FreeLeasehlders @GWR please could you confirm this is a new world record for the most lies and misinformation in one post
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Landmark Investments
8.9K posts
Landmark Investments
@LandmarkInvsGrp
Est 2000, professional freeholder with 36,000+ resi and commercial ground rents under management
Nationwide Katılım Mayıs 2009
2.7K Takip Edilen2.7K Takipçiler
I’ve just been blocked by Housing Minister Matthew Pennycook.
My crime? Campaigning for fairer housing.
Leasehold is a debt trap, destroys lives, and is decimating the flats market.
@UKLabour promised to end it.
Now they’re stalling... and silencing critics.
@FreeLeasehlders
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@martinboydlkp @LEASEonline That’s not what you said, you were very clear around your reservations. It’s a whole different ballgame when your own equity and that of your neighbours is at risk isn’t it? Seems your opinion changes depending who is at risk
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@LandmarkInvsGrp @LEASEonline Mark to be very very clear I said I won’t convert on day 1 and the same will apply for all sites because conversion is a democratic process which takes time. Don’t worry I’ll get us to convert as soon as possible given the advantages
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LEASE Chair Martin Boyd will give evidence to the Housing, Communities and Local Government Committee next Tuesday as part of its scrutiny of the Government’s draft Commonhold and Leasehold Reform Bill.
Read the Committee announcement 👉
committees.parliament.uk/committee/17/h…
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@critithinkstar @katesineed @FreeLeasehlders I can see Kate in the thread but not her posts as I blocked her some time back
A great many RMCs are ran by freeholders, us included, as the developer or residents didn’t want to take them on. Nobody will tell you that as it doesn’t serve the narrative they have been fed
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@LandmarkInvsGrp @katesineed @FreeLeasehlders I’m more cynical. In Britain we love to blame others. We hate taking responsibility.
It’s why so often the most dilapidated leasehold blocks are RTM.
RMC tends to fare better for some reason.
Culturally we aren’t ready for Commonhold, that’s why it’s not popular
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Come on, Philip.
You know the problem is the toxic leasehold system.
Buyers are savvier now; they know that, unlike with your country’s strata title or Scottish tenements, they’re handing control to a faceless freeholder with the whip hand over service charges and management.
Philip Oldfield@SustainableTall
London has built lots of flats…but few people want to buy them Since 2014, some 20,000 flats have been completed in Wandsworth. But nearly 40% of modern flats there have sold at a loss in the last 5 years archive.is/A3rfy
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@critithinkstar @katesineed @FreeLeasehlders …it will make property owners more liable and magnify their downside risks substantially, as well as those of lenders
There’s no tangible benefit over leasehold and lots of negatives
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@katesineed @LandmarkInvsGrp @FreeLeasehlders Commonhold is the answer?
There are issues in leasehold. He should spend his time and his clout solving the problems, offering solutions.
Renaming the system from leasehold to Commonhold won’t make insurance cheaper, agents better or leaseholders more informed.
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@critithinkstar @FreeLeasehlders He needs to remain relevant so will say anything for attention. The reality is he lives in a multi million pound apartment with no mortgage (owned by his mother)
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@FreeLeasehlders @irena_vanat All commissions and associated payments are clearly disclosed. Harry has never owned a property, nor would he ever let the truth get in the way of a story
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@irena_vanat The kickback that the broker pays to the freeholder, or managing agent, is not disclosed to the leaseholders because it is congealed into the premium they pay through their service charge.
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When we shot this, Joe was just starting his legal battle.
4 years later, the tribunal found the freeholder overcharged £645,000 on insurance, but a loophole means he and his neighbours can’t get their money.
Sector roundtables won’t discuss the scam.
We do it in 60 secs 👇
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@FreeLeasehlders @UKLabour …and if the were commonhold they would have also sold for less because it’s nothing to with tenure
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“Last year, 28.2% of sellers in Tower Hamlets sold for less than they paid, the highest figure in both the capital and the country, with flats making up 90%+ of all sales in the area.”
At the locals, @UKLabour will pay for stalling on leasehold abolition. hamptons.co.uk/articles/2025-…
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Landmark Investments retweetledi
@Victoria_Spratt A hand wringing of lenders over a g/rent of < 85 pennies a day rising by the RPI every 10 years seem bizarre when a FTB often has a mortgage of 3000 pennies a day and a 1/2% increase in interest rates sees it rise by a further 300 pennies a day
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@martinboydlkp @sebastianokelly @LKPleasehold @newsinoldham @EOCS_Official @LEASEonline More what the RTM didn’t do
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@sebastianokelly @LandmarkInvsGrp @LKPleasehold @newsinoldham @EOCS_Official @LEASEonline Mark‘s partial account as a professional landlord does not explain how the issues arose which caused the building to be decanted.
Was it something the RTM did to the building or was it a historic defect.
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Residents still waiting for combustible cladding to be removed from building five years on notreallyheremedia.com/news/oldham-re…
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@mttjon General inflation is around 30/35% over the last 5 years. Service charges have suffered higher levels namely insurance and utility costs
Depending upon your lease structure and management set up will dictate your input. There’s always the option to go RTM with your neighbours
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@LandmarkInvsGrp My concern is that my service charge has increased by 50% in five years and we as leaseholders get absolutely no input into the sections made in my buildings
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@mttjon We sub contract out block management. It’s a thankless, liability laden, 24/7/365 task yet leasehold opponents (not you) seem to think it’s some sort of oil well of eternal profits
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@keveen2 @moving_charlie @HarryScoffin We are now in the anti leaseholder paradox where whatever you are challenged with you will just point to something that you feel counters. The things you point to you will typically have no real knowledge, experience or understanding of - the same as whoever told you them
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@LandmarkInvsGrp @moving_charlie @HarryScoffin The transition retrospectively is via Enfranchisement for houses and a Commonhold choice for flats. The rest of Europe manages very well. Ditto US. French system seems best so far.
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The battle over leasehold reform is turning nasty.
Freeholders with cashflow issues (due to declining book values reducing leverage opportunities) are turning to their imprisoned leaseholders and juicing them to the max.
Using human rights laws to defend their right to do so.
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@mttjon @relson_noad @moving_charlie @HarryScoffin Ok so say £250pa management fee = 72 pence a week profit 📉
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@LandmarkInvsGrp @relson_noad @moving_charlie @HarryScoffin 15% profit margin is the norm - source is my managing agent
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@LizzieCernik @moving_charlie Local Authorities, an extension of the Government, are often the worst and completely unanswerable
It is odd that you’ve paid for your own windows (and not the maintenance fund) yet have to pay for your neighbours? May link back to the fact the LA don’t know what they are doing
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Understandably defensive of you.
Are you suggesting that there aren’t leaseholders suffering at the hands of unscrupulous freeholders?
It’s never about me. It’s always about the matter at hand.
What’s your position on the proposed leasehold reforms?
Landmark Investments@LandmarkInvsGrp
@moving_charlie @HarryScoffin Uninformed and designed to draw attention to yourself - most freeholders are cash funded - those with debt typically have ultra long fixed rates - the cash flow doesn’t change, it’s lease driven - no new evidence of your claims of recent “juicing” - reality is the opposite
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@keveen2 @moving_charlie @HarryScoffin Whilst some points are subjective you cannot even get your facts right or understand the basics (ie it’s not 5m people etc)
Spoiler: any “abolition” won’t be retrospective and any replacement will come with its own issues, many worse than LH
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@LandmarkInvsGrp @moving_charlie @HarryScoffin You are the one outlier. No reasons given. But plenty against (Law Commission). It must be gone to bring England (only us) into the 21st century and for 5m people who apart from you want true home ownership. The democratic will and Public Interest is for abolition.
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@mttjon @relson_noad @moving_charlie @HarryScoffin The block manager is a separate entity to the freeholder. Just because somebody charges a fee doesn’t mean they make a profit. A great many managing agents are borderline insolvent yet leaseholders still want reduced cost and increased service
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@LandmarkInvsGrp @relson_noad @moving_charlie @HarryScoffin Profit is made on service charges otherwise known as management fee. I can see it in my buildings accounts.
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@easycouncil @moving_charlie @HarryScoffin @LiamSpender If the money within institutions isnt ultimately due to individuals then who is it due to? Even with charities the funds eventually make their way to individuals
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@LandmarkInvsGrp @moving_charlie @HarryScoffin Rubbish, already been questioned. Using your earlier logic, they couldn't come up with a number. If you are going to astroturf because @moving_charlie picked up on this, I suggest getting your ducks in a row, as well as following @LiamSpender
x.com/LandmarkInvsGr…
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@TiraDeUrgue @moving_charlie @HarryScoffin We have "ultra long" debt, longest being 65yrs. It doesnt need to be an official term to be accurate
If you just want to argue from your anonymous account then I'm the wrong person but X is definitely the right place
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@LandmarkInvsGrp @moving_charlie @HarryScoffin You pretended to use a term that officially doesn't exist, then indicated you get mortgages terms than officially don't exist, and now are trying to indicate that I'm getting confused just bc I showed you that even the mortgages that can be passed to next gens aren't 50y+
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