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Nothing to do with us, says Poltair Homes CEO, over 80 blighted shared ownership houses in Cornwall

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Nothing to do with us, says Poltair Homes CEO, over 80 blighted shared ownership houses in Cornwall

LKP has urged Poltair Homes and the Tchenguiz Family Trust to sort out 80 shared ownership leases on houses which are now unmortgagable owing to the disastrous terms.

Ground rents on the properties, which have never sold for more than £125,000, are presently £1,500pa and rise every year with RPI. As a result, the residents – who were all deemed to have local housing needs – are stuck.

Local builder THF Limited – a related company of Poltair Homes – built the three sites with the same 62% shared ownership leases from 2004.

Continue reading Nothing to do with us, says Poltair Homes CEO, over 80 blighted shared ownership houses in Cornwall at Leasehold Knowledge Partnership.


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