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Step by step guide to lease extensions

Whilst 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 value of a...

Read    02/09/2020

How long is your lease?

Lease terms are getting shorter, particularly in areas like London, where 40-60 year leases are common. Since 1993, legislation has improved leaseholder rights, allowing easier lease extensions.

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.

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 p...

Read    02/09/2020

Ringley gets 'Highly Commended' Award

Ringley picked up the 'Highly Commended' award to reflect the work their valuation team do in the specialist field of Leasehold Enfranchisement. "We work mostly forIn fact Ringley were finalists in two categories - the other being Individual Valuer Of The Year. Mary-...

Read    02/09/2020

Leaseholders should take control of building management

Recent Market Research by leading London Managing Agents, the Ringley Group, into ownership, services, management, and running costs of apartment buildings, has identified that between 50-60% of all inner London apartments are sublet, rising to an estimated 70+% for ...

Read    02/09/2020

Property Management explained

So what's this week's hot property management topic? To me, it seems to be the increasing number of Freshwater blocks we are talking about. All of them seem to be waking up to the realization that they don't need to be subservient to Freshwater anymore. How so? You m...

Read    02/09/2020

What is Block Management?

Introduction: The Growing Need for Block ManagementAs urban populations grow, space has become a premium commodity. Rising inner-city property prices and housing shortages have driven more people to live in apartment blocks. While this lifestyle offers benefits such ...

Read    02/09/2020

New code of practice for agents is on its way

Soon agents will need to abide by a new code for the property industry In future, anyone using a letting or estate agent or a property manager will be able to judge their performance against a new code of practice and a new and improved system for dealing with compla...

Read    02/07/2020

Four tips to help landlords avoid common mistakes

Many self-managing landlords in the buy-to-let sector are not property professionals, making it easy to slip up. Here are our top tips for avoiding the four most common mistakes landlords make.Don’t Skip the Referencing ProcessAs highlighted in our previous blog, ref...

Read    26/06/2020

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