With leases continuing to get shorter, for example some areas of London leases of 40-60 years are common, leaseholders should also be aware of their legal right to extend their lease.
Since 1993 Leaseholders have been able to claim a 90-year lease extension at a reduced ground rent of £1.00/peppercorn if demanded. Lease's rights have become more accessible. For example, you now only need to own the lease for 2 years, do not need to live in the p...Read More
Don't suffer in silence
Mary Anne Bowring, creator of www.leaseholdersuppor.co.uk advises leaseholders how to deal with rogue freeholders The freeholder has a responsibility to the lessees and should comply with his schedule of covenants such as keeping the building insured, carry out ...Read More
Get rid of your freeholder and choosing a managing agent or should we self manage?
Mary-Anne Bowring, creator of www.leaseholdersupport.co.uk evaluates the risks and benefits attached to choosing a managing agent or self managing a property. Hopefully if you are still reading this series of articles, you have either claimed your right to manag...Read More
A Freeholder isn't for life!
Frustrated that the freeholder Isn't doing his job properly? Mary-Anne Bowring, creator of leaseholdersupport.co.uk explains how to apply for a Court Appointed Manager. Is your Freeholder failing to keep the block in repair, charging you too much for too little,...Read More
The Top Four Fears of Leaseholders
A recent survey carried out by online property solution provider, www.leaseholderSupport.co.uk has revealed what flat owners fear the most. The top four fears are; illegal alterations by neighbours, having no reserve fund for big repair bills, neighbours avoiding pay...Read More
Invest in your lease
Mary-Anne Bowring, Managing Director of Ringley, a leading Managing Agent, and a Governor for the Institute of Residential Property Management (IRPM) tell us why now is a good time to start thinking about extending a lease. The UK housing market has taken a turn for...Read More
Post enfranchisement the 4 main issues to deal with are likely to be: 1 - extending leases to 999 years 2 - releasing asset value by (a) selling parts of the title (lofts, porters flats) (b) selling shares in the Freehold Company to flats who did not particip...Read More
Extend your lease
With leases continuing to get shorter, for example some areas of London leases of 40-60 years are common, leaseholders should also be aware of their legal right to extend their lease. Since 1993 when the right to extend your lease was passed, legislation has been cha...Read More
Help I need an effective lease
So you bought a flat, under the impression that all leases were much the same, but when it comes to upholding the various leaseholders and freeholders rights and responsibilities life can become rather complex. ARMA (the Association of Residential Managing Agents) ...Read More
Has the market turned on extending your lease?
The deferment rate is one of the most sensitive parts of the valuation as it is the investment multiplier applied to the assumed freehold vacant possession value of the flat at the end of the lease. Mary-Anne Bowring, creator of www.leaseholdersupport.co.uk explains:...Read More