Jamie Fisk

Important Leasehold Reform News Featured Image

Important leasehold reform news!

Millions of leaseholders will be given the right to extend their lease by a maximum term of 990 years at zero ground rent, the Housing Secretary Robert Jenrick has announced today (7 January 2021). The changes, making home ownership more secure, will mean that a leaseholder can extend their lease on their home but will no longer pay ground rent to the freeholder which could save them thousands of pounds.  This reform also applies to all new retirement properties and forms part of the biggest reform to English property law for forty years.  Under current rules, leaseholders of houses can…

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New EWS1 Agreement Featured Image

Almost 450,000 homeowners set to benefit from new EWS1 agreement

According to ‘Property Industry Eye’, owners of flats in buildings without cladding will no longer need an EWS1 form to sell or re-mortgage their property, following a new agreement reached between the government and the Royal Institution of Chartered Surveyors (RICS). Regulations introduced to improve fire safety following the Grenfell fire had inadvertently left flat owners trapped in near-unsellable homes. After the Grenfell tragedy in June 2017, the rules implemented meant that mortgages for flats in buildings over 18m tall would only be approved if they had passed an External Wall Fire Review (EWS1) survey. However, the government and RICS have…

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Furness House Featured Image

BW Residential Ltd have taken on another property to manage.

        BW Residential Ltd have taken on another property to manage from a long standing client – ‘Furness House’ which is situated in the centre of Redhill, Surrey. Previously an office, this building has just been transformed into 71, one and two bedroom bespoke apartments over four floors. If YOU would like BW Residential Ltd to manage your building, please call us on 02380 847111.

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Fraudulent EWS1 Forms Featured Image

Fraudulent EWS1 Forms

Which? magazine have just published a disturbing and important article, advising that scammers are signing off fraudulent EWS1 forms, sometimes adopting real Chartered Surveyor identities. The article sets out the many serious implications of fake EWS1 forms – the forms needed before a flat can be sold where a building has cladding (in the wake of the Grenfell Tower fire).  This is a very serious matter and all managing agents, leaseholders and conveyancers are currently on high alert to spot fake forms. The Institute of Residential Property Management (IRPM) has reminded its members that they must NOT sign off EWS1 forms…

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Why is There a Health and Safety Section in My Service Charge Budget Featured Image

Why is there a Health and Safety section in my Service Charge budget?

Click on the video below to listen to Property Manager, Jamie explain why there is a Health and Safety section in the Service Charge budget.     “The Health and Safety section in your Service Charge budget will mainly cover the costs for both the Health & Safety and Fire Risk Assessment to be carried out.  It is vital that a risk assessment is carried out in your block to highlight any potential hazards and to rectify them accordingly, so the block is fully compliant with all health and safety regulations.”  

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Why do we need to contribute to a Reserve Fund Featured Image

Why do we need to contribute to a Reserve Fund?

Click on the video below to listen to Property Manager Jamie, explain why you need to contribute to a Reserve Fund.     “Your lease will dictate whether monies can be collected for a Reserve Fund. And if the lease confirms a Reserve Fund can be collected, then this will enable the Freeholder and their agent to plan financially for future works such as exterior or interior re-decorations. When the Reserve Fund is sufficient and major works can be carried out, the leaseholders may avoid any additional charges to cover the works.”

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What is the difference between Leasehold and Commonhold ownership Featured Image

What is the difference between Leasehold and Commonhold ownership?

Click on the video below to listen to Property Manager, Jamie discuss the difference between Leasehold and Commonhold ownership.     “The difference with Commonhold is the individual property owners own everything. There is no landlord or freeholder to worry about. Each property owner becomes a member of the Commonhold Association, which owns and manages the shared part of the property, under a set of rules approved by the association. Under leasehold ownership, this is limited by time. Once the lease is expired, it will revert back to the landlord.”

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Property Maintenance During the Coronavirus Outbreak Featured Image

Property maintenance during the Coronavirus outbreak

Property maintenance during the Coronavirus outbreak – BW Residential Ltd would like to confirm that we are operating as normal, following official guidelines and are continuing to review the situation regularly. Our staff are fully prepared to work from home to continue our support to you, our clients and residents. We are also in touch with our contractors to make sure they have sufficient resources available during this time. If you have any queries, please do not hesitate to call us: 02380 84711 or email: admin@bwresidential.co.uk. If you would like to report a repair during the Coronavirus outbreak, please go…

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Case Study of BW Residential Ltd Featured Image

Case study of BW Residential Ltd

Click here to read how BW Residential Ltd were approached for a case study by award winning software company ‘Inform Direct’.  ‘Inform Direct’ provides a cost-effective, comprehensive solution for property management companies offering a company secretarial service to their clients.  

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We have moved office premises featured image

We have moved office premises!

 

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