Freeholder

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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5 ways to fire your Freeholder (or Property Management Company)

If you want to make a change to the management of YOUR building, here are 5 ways you can get rid of – or fire your Freeholder or Property Management Company.   Have you ever found yourself saying something like …..   “They do little or nothing to maintain the property – and if they do lift a finger, they charge an absolute fortune for a bad job”?   We hear people saying something similar to us regularly. And who are they talking about? The people managing the building where they own a leasehold flat. Someone is not doing their…

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