London Leaseholders Missing Out on the Right to Manage

Ringley warns that thousands of central London leaseholders are losing money by not exercising their right to manage their own apartment blocks, potentially saving substantial sums on service charges and management fees.

Ringley’s Survey Shows Majority of Blocks Are Still Not Self-Managed

Ringley’s analysis reveals that only 9.5% of residential blocks in key inner London areas are self-managed, leaving leaseholders at the mercy of large estates, institutions, and overseas owners who control the majority of buildings.

Why Leaseholders Are Losing Out: The Hidden Costs of External Management

Ringley exposes how wealthy institutional and overseas freeholders in prime central London charge a premium for management services and often mark up costs like buildings insurance, leaving individual flat owners with little value for their money.

The Benefits of Self-Managing: Leaseholders Can Save Thousands

Ringley suggests that leaseholders could save thousands annually by taking control of their building’s management, helping them directly influence how service charges are spent and avoid unnecessary costs.

Mary-Anne Bowring’s Success Story: Helping Leaseholders Take Control

Ringley MD Mary-Anne Bowring helped leaseholders at Hertford Lock House in East London set up a residents management company, paving the way for other leaseholders to follow suit and gain more control over their buildings.

The Peverel Scandal: Rising Criticism of Management Companies

The controversy surrounding Peverel’s management services highlights increasing frustration among leaseholders, who are questioning their service charges and management companies, with Ringley calling for more leaseholders to take action to reduce these costs.