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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

Get rid of your freeholder and choose a managing agent or should we self-manage?

When considering how to manage a property, you generally have three options: self-manage, hire a managing agent, or choose a pay-as-you-go management package. Each has its own set of benefits and risks. Self-managing is often chosen to cut costs, while hiring a manag...

Read    16/07/2018

Ringley Legal Service Team Delivers Results

Achieved a successful outcome for over 800 arrears litigation casesProperty solution providers, Ringley, has reported that it's Legal Services Team who deliver affordable services for typical lease breaches such as service charge arrears, breach of covenant and title...

Read    16/07/2018

Ask the experts (Property Square)

Managing a block of flats comes with various challenges, especially when residents default on service charge payments. A recent query from a self-managed block raised concerns about legal action and its potential costs.

Read    23/10/2012

Get rid of your Freeholder - It's all in the management

A tri-party lease includes the freeholder, management company, and lessees. Lessees have a role in managing the estate, but freeholders still handle ground rent and insurance.

Read    16/07/2018

Holding Firm Mary-Anne Bowring unravels the jargon behind buying a leasehold property

Around two million people in the UK don’t actually own their property outright. Instead, they purchase the right to occupy their homes as lessees. If you’re planning to buy a flat, especially in a city, it’s almost certain that you’ll be buying a leasehold property. ...

Read    16/07/2018

Ask the experts

An open house works best for houses, especially those requiring full renovation or those completely modernized and staged. For flats, it’s more suitable if they have their own entrance or ground-floor access. Avoid open houses for properties in average condition or t...

Read    23/07/2012

Leaseholders not inspired to manage homes

A survey at the Ideal Home Exhibition revealed that only 12% of leaseholders self-manage their properties, with 78% aware of the right to manage but unsure of the benefits or how to claim it.

Read    20/08/2012

Get rid of your Freeholder - Claim your right to manage

The New Year is a great time to reassess finances and take control of important aspects of life, including property management. While many understand how to find a new job or improve their social life, few know how to claim the right to manage their property. Thanks ...

Read    16/07/2018

Less than a quarter of leaseholders self manage

A recent survey by Leaseholder Support.co.uk at the Ideal Home Exhibition found that only 12% of leaseholders attending the event self-manage their property. Despite having the right to manage (RTM), many leaseholders still rely on freeholders or managing agents.

Read    16/07/2018

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