it is a taylor wimpey building. they are racking up significant bills just to ask permission to make modifications to their home that they believe they own but we do not own properly. what are you going to do now? it is a horrendous situation you have been put in. lots of people will be staggered the ground rent is going to rise to £10,000 per year by 2060. yes. at the moment it is very muchjust hoping the 2060. yes. at the moment it is very much just hoping the government continue putting pressure on the home builders. sajid javid this morning was very complimentary about taylor wimpey because they are one of the home builders putting forward proposals to help people like me who are in this problem. the issue being all they are proposing is to switch us to another lease. the rpi lease. we would still not own our home. we would still have to ask permission to do things to our homes. when the government are proposing to ban leasehold entirely because it is an old—fashioned system leasehold entirely because it is an o

that's taylor wimpey, what about house—builders in general, however justifying this? those are going, understandably. 0ther house—builders have said that it is in some cases in the leasehold is‘ interest, because they can control the quality of the estate and make sure that things look right. but some people have been charged thousands of pounds if they want to build an extension, just for permission. it's that kind of thing when you think you own the house, but you don't. the house—builders generally defend it. i think it is a practice that is beginning now to die away, although it did grow for a while. a lot of this freeholds are already in the hands of investors, investment companies, and they can really set the tone. after two years you have the right to buy it, but that can be an expensive business. paul, thanks for a taster on that. you have been doing an investigation on this and you are looking at what the government plans to do about it. more on money box today, at midday on radio a. mike's in wimbledon for us, looking head to all the action on ladies‘ final

. solicitors or taylor wimpey who was our house-builder.ng new homes with leaseholds? well, i mean it really depends. if perhaps you are local authority or a council trying to build property on land you already own and perhaps you wa nt land you already own and perhaps you want a lease of 150 or 200 years or perhaps you have a national trust... let's talk about normal people like lisa or katie of the what's the justification? well, from our point of view and none of our members provide that business model. when i spoke to a member, taking lisa's point in ten years, she will see an increase of £500, that would take 150 years which doubles from £100 and it goes to £100 every 30 years. so 60 years, £2—90 years, £300. that's fairer. especially when you are consider the cost perhaps of sustainable drainage or the lighting ona sustainable drainage or the lighting on a site. i can see lisa shaking her head in disagreement. sorry, i disagree with that because we were never disagree with that because we were never told it was ever to double. how can

the house—builder association kind of shrugged it off but i think taylor wimpey has set aside some fennecit that the whole economy is doing well, it's a real bellwether stock. it's a global company so they chief executive cited an improvement in construction in china and mining and oil activity not just in china and mining and oil activity notjust in america but around the world. if you take it at face value it's good news. for them to raise their profits forecast is encouraging on the face of it but equally china has been leading heavily on stimulus so people wonder how long that could last. and also oil, and investment cut at one of the majors in america, not quite as clear—cut as we would like it be but it makes a nice change. strong day on the stock markets. mcdonald's also had some very good results, the result of a turnaround programme starting to get some very good figures after two years, it was started by the chief executive two yea rs started by the chief executive two years ago, born and bred in watford. what we read into that? i don't know, what do you want to read into it? go