Leaseholders in a block of 122 flats face significant challenges due to ground rent clauses that increase every five years by the retail price index. These clauses prevent some homeowners from selling, as banks like Nationwide reject mortgages when ground rent terms are unfavorable. The situation has driven residents like Gary Dalton to seek assistance from local MP Mr. Athwal to amend the terms of their leases. Furthermore, past interventions by MPs have shown that changes can be made, underscoring the urgency of addressing this issue.
Gary Dalton expressed the frustration of leaseholders by saying, "We are all in a bit of limbo, we can't move on with our lives... at our wits end."
The article highlights the plight of leaseholders facing onerous ground rent clauses, as Gary Dalton stated, "The only way of resolving this is to remove this onerous clause in our lease."
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