Ask from our Property Experts

What our customers are asking:

How do ground rents work, and why are they significant in the retirement housing sector?

Ground rents are payments made by leaseholders to landlords for land use or a lease of land for personal residential purposes. In the retirement housing sector, it is argued that ground rents play a crucial source of income for developers.

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Building Liability Orders Background It is common practice that property developers set up a subsidiary company with very few assets to own and manage an individual development, and then be wound down once the development is completed. This practice can be used to secure investment in a project, in a long run it can also leave the developer group with no long-term civil liability. Given the current situation, Government has decided to intervene to help those affected find fair redress for building safety issues. What are we going to do?

The Building Safety Bill will grant a power to the High Courts which allows them to extend specific liabilities for one company to any other associated companies and make them jointly and severally liable, should the High Court considers it just and equitable to do s...

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What Is Band C Regulation?

Landlords of privately rented properties in the UK must ensure that their properties meet a minimum energy efficiency standard of Band C by 2025.

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Is the ground rents ban retroactive?

No, the ground rents ban is not retroactive. It does not impact ground rents already being charged under existing leases.  The Leasehold Reform (Ground Rent) Act 2022 banned ground rents for residential apartments with effect on June 30, 2022, except for re...

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What if the landlords fail to meet the 2025 deadline?

Landlords not meeting the energy standards risk facing a ban on renting out property. Complying will require them to raise funds to finance the upgrade requirements.

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How does the freezing of housing benefits affect renters?

It will prevent access to LHA or local housing allowance for those who rent their homes. Shelter suggests that tenants will lose nearly 1,000 yearly due to rising rents and the new benefits freeze. 

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How is associated company being defined?

A company is associated with another company if one of them controls the other (parent companies) or if both are controlled by a third company (sister companies).

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What is the estimated cost of the upgrades?

Experts state that the cost of upgrades to meet the new regulation can range anywhere from 10,000 to 15,000, depending on the scope of work required.

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What is London Mayors concern about short-term rentals?

The Mayor is worried about the impact of short-term rentals on London's housing market and has proposed stricter regulations through a licensing system.  He fears whole streets becoming Airbnb and less housing for Londoners.

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Why are tenants facing troubled times in the UK?

A complete lack of balance between the supply and demand of rental homes for years has created a rising rental price rise crisis in the UK. The cost-of-living crisis has further compounded their problems.

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What is the 90 day short let cap?

Airbnb replied to the concerns about the number of listings and their impact and stated that they take housing concerns seriously and have previously worked with the Mayor to enforce a 90-night cap on rentals in London.

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New Construction Product Course of Action Background The government has made it clear that those who have been responsible and continue to be responsible for building safety defects have a responsibility to rectify. There are currently almost no routes which allow construction product manufacturers to be held accountable for their role in the creation of building safety risks that cause or contribute to a dwelling being unfit for habitation. What are we going to do?

We are introducing a new course of action that will enable claims to be brought against construction product manufacturers and sellers for their role in causing problems associated with building safety. It will apply if a product has been mis-sold, is found to be inh...

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What are the eligibility criteria for the right to buy?

The person who wants to exercise the right to buy should be a public sector tenant for three years.

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How much have rental prices increased in the UK until recently?

According to the Office for National Statistics, private rental prices paid by UK tenants rose 4.7 percent in the year leading up to February 2023.

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How is a Court Appointed Manager different from a regular property manager?

A Court Appointed Manager and a regular property manager differ in their appointment process, scope of authority, and the circumstances under which they are involved. Here are some key differences:- Appointment Process: A Court Appointed Manager is appointed by a cou...

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What damages can be recovered?

Persons will be able to recover damages for physical damage (including injury and damage to property) as well as economic losses.

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Are the prices expected to come down this year?

Prices are unlikely to come down as the government has not made any moves to address the rental homes shortage problems.

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Why is the Renters Reform Bill being introduced?

Many renters live in properties that are deemed to be unfit, more than half of which pose a risk to renters health and safety. The Renters Reform Bill aims to address this, and many such problems renters face. 

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What are the concerns raised about rent controls?

Critics of rent controls worry about unintended consequences such as increased evictions and a negative impact on rental supply. They argue that rent controls may not address underlying housing market issues effectively as what is needed is greater housing supply - r...

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What makes Coventry a good place to live?

Coventry is a city with diverse possibilities and is surrounded by some of the most popular places in the UK. It is a cultural hub with world-class attractions.

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What is commonhold? Commonhold for residential blocks of flats explained

Commonhold refers to a type of property ownership that was introduced by the Commonhold and Leasehold Reform Act 2002, but not made mandatory. It provides an alternative to leasehold ownership, which is the traditional form of property ownership for residential flats...

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Who can bring a claim under this cause of action?

Damages can be claimed by any person who has suffered a loss as a result of a dwelling being ‘unfit for habitation’. Developers can also recover a contribution under this cause of action from construction product manufacturers, for example if they were sued under the...

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What is the busiest period for Uk home sales?

People keen to start a new life in a new place believe the New Year is the right time to make a move. Boxing Day is often one of the busiest days for new home searches and listings.

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Which are the best areas to invest in real estate in Coventry?

Experts recommend investing in Westwood Heath, Earlsdon, Wainbody, Woodlands, Cheylesmor, and Whitmore Park.

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What makes Wembley an attractive choice?

Wembley is often considered an attractive choice due to its rich history and cultural significance. It has a vibrant and diverse community, which contributes to its charm.

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Are there good commutation facilities in Coventry?

The city is well-connected to other famous places in the UK by rail and road.

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Expectations whilst living in Wembley

Wembley is a highly satisfying experience as it has many amenities and excellent transportation facilities. The food, music, and entertainment scene is engaging for all.

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Who can execute the neighborhood development plans?

Neighborhood planning can be managed only by the town and parish councils or neighborhood forums. The forums are community groups designated to execute neighborhood planning in areas with no parishes.

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What is the average cost of renting a home in Wembley?

The average cost of renting a one-bedroom apartment in Wembley is around £1,600 per month. However, rental prices can fluctuate depending on the location of the home and the proximity to Central London.

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What does a bank reconciliation entail?

A bank reconciliation is a routine check that should be carried out on any bank account to ensure that the cheques written leave and clear the account and that cash paid in is received by the bank. Monies that have not been received (i.e. perhaps lost in the banking ...

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Ask our Experts

What our customers are asking:

How do ground rents work, and why are they significant in the retirement housing sector?

Building Liability Orders Background It is common practice that property developers set up a subsidiary company with very few assets to own and manage an individual development, and then be wound down once the development is completed. This practice can be used to secure investment in a project, in a long run it can also leave the developer group with no long-term civil liability. Given the current situation, Government has decided to intervene to help those affected find fair redress for building safety issues. What are we going to do?

What Is Band C Regulation?

Landlords of privately rented properties in the UK must ensure that their properties meet a minimum energy efficiency standard of Band C by 2025.

Is the ground rents ban retroactive?

What if the landlords fail to meet the 2025 deadline?

Landlords not meeting the energy standards risk facing a ban on renting out property. Complying will require them to raise funds to finance the upgrade requirements.

How does the freezing of housing benefits affect renters?

It will prevent access to LHA or local housing allowance for those who rent their homes. Shelter suggests that tenants will lose nearly 1,000 yearly due to rising rents and the new benefits freeze. 

How is associated company being defined?

A company is associated with another company if one of them controls the other (parent companies) or if both are controlled by a third company (sister companies).

What is the estimated cost of the upgrades?

Experts state that the cost of upgrades to meet the new regulation can range anywhere from 10,000 to 15,000, depending on the scope of work required.

What is London Mayors concern about short-term rentals?

Why are tenants facing troubled times in the UK?

What is the 90 day short let cap?

New Construction Product Course of Action Background The government has made it clear that those who have been responsible and continue to be responsible for building safety defects have a responsibility to rectify. There are currently almost no routes which allow construction product manufacturers to be held accountable for their role in the creation of building safety risks that cause or contribute to a dwelling being unfit for habitation. What are we going to do?

What are the eligibility criteria for the right to buy?

The person who wants to exercise the right to buy should be a public sector tenant for three years.

How much have rental prices increased in the UK until recently?

According to the Office for National Statistics, private rental prices paid by UK tenants rose 4.7 percent in the year leading up to February 2023.

How is a Court Appointed Manager different from a regular property manager?

What damages can be recovered?

Persons will be able to recover damages for physical damage (including injury and damage to property) as well as economic losses.

Are the prices expected to come down this year?

Prices are unlikely to come down as the government has not made any moves to address the rental homes shortage problems.

Why is the Renters Reform Bill being introduced?

What are the concerns raised about rent controls?

What makes Coventry a good place to live?

Coventry is a city with diverse possibilities and is surrounded by some of the most popular places in the UK. It is a cultural hub with world-class attractions.

What is commonhold? Commonhold for residential blocks of flats explained

Who can bring a claim under this cause of action?

What is the busiest period for Uk home sales?

People keen to start a new life in a new place believe the New Year is the right time to make a move. Boxing Day is often one of the busiest days for new home searches and listings.

Which are the best areas to invest in real estate in Coventry?

Experts recommend investing in Westwood Heath, Earlsdon, Wainbody, Woodlands, Cheylesmor, and Whitmore Park.

What makes Wembley an attractive choice?

Wembley is often considered an attractive choice due to its rich history and cultural significance. It has a vibrant and diverse community, which contributes to its charm.

Are there good commutation facilities in Coventry?

The city is well-connected to other famous places in the UK by rail and road.

Expectations whilst living in Wembley

Wembley is a highly satisfying experience as it has many amenities and excellent transportation facilities. The food, music, and entertainment scene is engaging for all.