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Joint Tenancy vs.Tenancy in Common

It is important when considering the purchase of property as a group of two or more rather than as an individual to take time to review how you want to register your ownership. The choices are to be joint tenants or tenants in common, and the difference between the t...

Read    02/09/2020

So you have bought the freehold, what happens next?

Once the process is completed and you are officially the freeholder, it's time to take stock of what a collective enfranchisement (freehold purchase) has gained you in terms of responsibility for the running and upkeep of your building. One of the most important poin...

Read    02/09/2020

Right to Manage - Don't know your neighbours?

Hello everyone, just writing to let you know about a right to manage ("RTM") success story at a Central London block, with over 30 flats.When we were engaged by the leaseholders to help them with their right to manage ("RTM") bid, we found that many flats were being ...

Read    02/09/2020

Missing freeholder or silent freeholder?

What happens if you cannot trace your freeholder and you want to extend your lease or buy your freehold? You can still do so by the vesting order process. This involves an application to the County Court detailing the steps taken to locate the freeholder. The County ...

Read    02/09/2020

Ringley champions apprenticeships and takes on four more

Ringley is committed to staff development and promotion of skills and education for young people. In February (as part of National Apprenticeship Week) both elements were brought together by taking on four additional apprentices and helping to launch COATA (The Confe...

Read    02/09/2020

Ringley short listed for two PROPERTYdrum Awards

'I'm truly proud of what the team has achieved, particularly given the formidable competition they were up against', stated Mary-Anne Bowring, Ringley MD. 'The whole team tirelessly work to develop and deliver an outstanding package.It's great that their effors have ...

Read    02/09/2020

Step by step guide to lease extensions

The conceptWhilst your lease is probably the most valuable asset you own, worth whatever you could sell it for in the market place, the freeholder holds a stake in its value too. Why, because a) he receives investment income from it (the ground rent), b) has the hope...

Read    02/09/2020

How long is 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    02/09/2020

Leaseholders have rights!

Whether you are a first time buyer, downsizing or wanting a city pad, understanding the leasehold system can be confusing. Mary Anne Bowring, creator of www.leaseholdersupport.co.uk unravels the jargon and explains your rights.With leases getting shorter, leaseholder...

Read    02/09/2020

Legal right to extend 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. Lessee'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 ...

Read    02/09/2020

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