james longman has this special report. homeowners are having the ground beneath them sold off and they may not even know about it. what do we want? homes for britain! when do we want them? to ease the housing crisis, new homes are going up across the country. many are leasehold, not freehold. and the difference is crucial. the new trend is for developers to sell freeholds to investment companies. so here's what's happening. a developer builds a house, here it is. it sells that house to mr and mrs smith. here they are. but what it sold is the lease to that house. that's time in it. a couple of years later, the developer is then able to sell the freehold, the ground that it's on, to an investment company. here he is, mr investor. it's a way of making money on the same house twice. and this whole business is worth hundreds of millions of pounds every year to the developers. i had no idea that my home would be used as an endless income stream for an investor. katie kendrick bought her home from bellway developers. she was neve

james longman has this special report. what do we want? all: homes for britain. for developers to sell freeholds to investment companies. so, here‘s what‘s happening. a developer builds a house. here it is. it sells that house to mr & mrs smith. here they are. but what it sold is the lease to that house. that‘s time in it. a couple of years later, the developer is able so sell the freehold, the ground it‘s on, to an investment company. mr investor. it is a way of making money on the same house twice. this whole business is worth hundreds of millions of pounds every year to the developers. i had no idea my home would be used as an endless income stream for an investor. katie kendrick bought her home from bellway developers. she was never told her freehold would be sold off. now, she wants to buy it, the price has gone from £4,000 to £13,000. where did they get that figure from? i have absolutely no idea. itjust doesn‘t seem ethically right to the me at all. i‘m not a cashpoint for somebody else. i never realised i could be used as such. what bellway are doing isn‘

james longman has this special report.s, new homes are going up across the country. many are leasehold, not freehold, and the difference is crucial. the new trend is for developers to sell freeholds to investment companies. here is what is happening. a developer builds a house. it sells the house to mrand mrs builds a house. it sells the house to mr and mrs smith. what it has sold is the least to the house. that is time in it. a couple of years later the developer can sell the freehold to investor. a way of making money twice on the same house. it is worth millions of pounds a year to developers. house. it is worth millions of pounds a year to developerslj house. it is worth millions of pounds a year to developers. i would have no idea my home would be used as an endless income stream from a developer. katie conway bought her home from beltway developers. she was never told her home would be sold. now she wants to buy the prices gone from 4000, £213,000. where do they get figure from? i have no idea, i'm not a cashpoint fo

we played you james longman's full film earlier, here's a short extract. going up across the country. many are leasehold, not freehold. and the difference is crucial. the new trend is for developers to sell freeholds to investment companies. so here's what's happening. a developer builds a house, here it is. it sells that house to mr and mrs smith. here they are. but what it sold is the lease to that house. that's time in it. a couple of years later, the developer is then able to sell the freehold, the ground that it's on, to an investment company. here he is, mr investor. it's a way of making money on the same house twice. and this whole business is worth hundreds of millions of pounds every year to the developers. i had no idea that my home would be used as an endless income stream for an investor. katie kendrick bought her home from bellway developers. she was never told her freehold would be sold off. now she wants to buy it, the price has gone from £4,000 to £13,000. where do they get that figure from? i have absolutely no idea. it just doesn't seem e

thousands of pounds in unexpected costs, as we highlighted in an exclusive report by our reporter james longmanast to the house, that is time in it. a couple of years later, the developer can then sell the freehold, the ground that it is on, to an investment company. it is a way of making money on the same house twice. this whole business is worth hundreds of millions of pounds every year to the developers. i had no idea that my home was used as an trk stream for an investor. katie was never told herfreehold would be sold off. where did they get the figure from?” would be sold off. where did they get the figure from? i have no idea. it doesn‘t seem ethically right to me at all. i‘m not a cashpoint for somebody else and i never realised that i could be used as such. what bellway are doing isn‘t illegal. some of their buyers just feel they weren‘t clear about their plans. we asked them to comment, but they did not respond. i feel guilty for my family that i‘ve made that wrong decision, you know, it pite not impact on my in my lifetime, but you buy a home for your children to have and you know, to