Yes, I'm totally with you on that one too. My flat has a 66 year lease - so I paid £30k under asking for it. I'll pay that back when I have to extend but that's the deal. It's not worthless - it's just worth less.
“But it claims that it ‘cannot change it as things presently stand.’ This is because it has received legal advice informing it that it is under no obligation to sell or extend the lease, and fears repercussions from the Charity Commission if it does so.
Yes, I'm totally with you on that one too. My flat has a 66 year lease - so I paid £30k under asking for it. I'll pay that back when I have to extend but that's the deal. It's not worthless - it's just worth less.
Also, the LKP has picked up on this story: https://www.leaseholdknowledge.com/mp-attacks-charity-residential-freehold-owners-gaming-leasehold-system-cites-mary-magdalene-holy-jesus-trust
Won't be long before this is sorted.