London Property Bulletin: Bromley High-Rise, Lender Collapse, and Leasehold Shake-Up
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In this episode, we cover:
- 353 new homes above Bromley Waitrose
- Bromley Council’s approval for 353 flats and a 24-storey tower on Mason’s Hill
- John Lewis pulling out of build-to-rent but planning permission likely to be sold on
- Local debate over height, design, and affordability in Bromley Town Centre
- Collapse of London property lender Market Financial Solutions
- Allegations of loans backed by the same collateral multiple times
- Potential losses of up to £930m for major lenders including Barclays, Jefferies and Atlas SP Partners
- Links to UK properties under investigation by the National Crime Agency
- What this means for risk standards in bridging finance and private credit
- UK draft Commonhold and Leasehold Reform Bill
- Plans to make commonhold the default for most new flats
- Ending most new leasehold flats and capping ground rents before phasing them to zero
- Greater control for flat owners over building management and maintenance
- Key protections: ending forfeiture for small debts and clearer rights for homeowners
If you’re a buyer, investor, landlord or homeowner trying to understand how these changes could affect your decisions, this bulletin is for you.
👉 Need help interpreting what this means for your situation? Get in touch and we’ll walk you through the implications for your next move in the London property market.
Don’t forget to like, subscribe, and share with anyone who wants to stay one step ahead in London property.
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