No manor, but a peerless investment: Lord of Walthamstow is auctioning his title for £65,000

On Wednesday the lord of Walthamstow, an 82-year-old retired estate agent named Phillip Leigh, is putting his title up for auction. His is one of about 2,000 nominal lordships. You might be able to buy a peer, but you can’t buy a peerage. A lordship is not a peerage. It doesn’t come with a place…

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