Unveiling the Truth: Navigating Mis-Sold Leasehold Properties with Lucia Knott

Lucia Knott is a mortgage and protection adviser in Southend-On-Sea, Essex. As a busy mom juggling three jobs, school runs, and evening appointments with clients, Lucia enjoys seaside walks, lunches out, and board games in rare moments of downtime with her smart and sassy 9-year-old daughter. Lucia transitioned to mortgage brokering in January 2021, drawing from her background in property and finance. Fuelled by her own challenges with a leasehold property purchased in 2016, Lucia is passionate about addressing the problems, mental health issues, and financial struggles associated with leaseholds. She believes it's an outdated yet lucrative tenure that should have been abolished, advocating for more awareness on the subject. Summary This episode explores the issue of mis-sold leasehold properties and the impact it has on homeowners. Lucia Knott, a mortgage and protection advisor, shares her personal experience of being mis-sold a leasehold property and the challenges she faced. The conversation highlights the need for education and transparency in leasehold property purchases, as well as the steps that can be taken by those who have already bought a leasehold property. The role of lenders and the government in supporting leaseholders is also discussed. Overall, the episode aims to raise awareness and provide guidance for those affected by mis-sold properties. Takeaways Mis-selling of leasehold properties is a significant issue that can have severe consequences for homeowners. Buyers of leasehold properties need to be educated and informed about the implications and costs associated with leasehold ownership. Steps can be taken to address issues with leasehold properties, such as extending the lease or purchasing the freehold. Lenders and the government have a role to play in supporting leaseholders and ensuring fair treatment. Don't forget to Like, comment and subscribe! You can also connect with Rosalia and Manuka Media here: Instagram - @manukamedia Instagram - @rosalialazzara LinkedIn - ⁠linkedin.com/in/manukamedia⁠ Website - ⁠www.manukamedia.co.uk⁠