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How to get a whole new lease of life

If you live in a leasehold property, you might not be aware that you can legally claim a 90-year extension of your lease without any increase in ground rent. This right becomes effective after you've been in the property for two years.

Read    22/10/2012

Should you move or improve?

The rise in property values across all housing types since 2000 has led to an increasing gap between smaller and larger properties. As this gap widens, moving to a larger home has become less affordable, making it financially smarter to consider improving your curren...

Read    19/07/2012

Unravel the leasehold maze

A leasehold is the right to occupy a space in a building for a set period, but the freeholder owns the land. A long lease (over 21 years at a low rent) grants the leaseholder the right to live in the property, while the freeholder retains ownership of the land and bu...

Read    16/07/2018

Help I need an effective lease

When buying a flat, many assume that all leases are similar, but the reality can be quite complex. Properly drafted leases are essential for ensuring that the rights and responsibilities of leaseholders and freeholders are upheld. Without an effective lease, enforcin...

Read    16/07/2018

Don't suffer in silence

Leaseholders have specific rights and responsibilities, and it’s crucial that freeholders comply with the covenants laid out in the lease. These include maintaining the building’s insurance, repairing the structure, and ensuring that communal services are carried out...

Read    16/07/2018

Short leaseholder awareness of their ability to extend their lease

Since the Leasehold Reform Act 1993, leaseholders have had the right to extend their lease by 90 years with a peppercorn ground rent (£1.00 per year or nil).Extending a lease can increase property value and make it more mortgage-friendly for future buyers.The process...

Read    16/07/2018

The Top Four Fears of Leaseholders

Introduction: The Top Concerns of LeaseholdersA brief introduction to the survey conducted by LeaseholderSupport.co.uk, highlighting the primary fears of leaseholders.

Read    16/07/2018

Extend your lease

As leases shorten (for example, 40-60 years in some London areas), leaseholders must be aware of their legal right to extend their lease. This right, which has existed since 1993, allows you to add 90 years to your current lease term, with ground rent reduced to a pe...

Read    16/07/2018

Flat owners get free management tools

www.leaseholdersupport.co.uk offers a range of free management tools to assist flat owners in managing their properties. These tools cover basic processes like extending a lease, claiming the Right to Manage, and dealing with common issues between leaseholders and f...

Read    16/07/2018

Has the market turned on extending your lease?

The deferment rate plays a significant role in lease extension valuations. It is the investment multiplier applied to the future value of the property once the lease has expired. In 2005, the Aribib case set new standards, suggesting that a deferment rate of 4.75% fo...

Read    16/07/2018

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