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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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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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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Notice of Intention Featured Image

‘Notice of Intention’ – why do we need this and what’s involved?

Listen to Property Manager, Lewis explain what a ‘Notice of Intention’ is. “A Notice of Intention is sent to inform leaseholders what work the landlord or managing agent is planning to carry out. The notice will give recommendations as to why the work should be carried out. An address and time will be provided of where the specifications of the works can be viewed. Leaseholders are invited to give observations in writing of the intended works. They will also be invited to nominate a contractor of their choice. The landlord or agent must then take into consideration any comments received…

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Do you think Commonhold will come into play in England and Wales Featured Image

Do you think Commonhold will come into play in England and Wales?

Listen to Property Manager, Lewis discuss his thoughts regarding Commonhold.     “Currently, no! There are little incentives that offer developers a good enough reason to choose Commonhold over Leasehold from a financial prospective. Unless this changes, there is no clear sign of an increase to the current amount of Commonhold owned properties in England and Wales. However, it is something that the Law Commission is reviewing and will be publishing their reports on.”

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Where are we two years on from Grenfell

Where are we two years on from Grenfell?

Dame Judith Hackitt, who led the Independent Review of Building Regulations and Fire Safety in 2017, discussed the importance of resident engagement on fire safety matters at a recent seminar. Dame Judith Hackitt, said:  “Despite the fact the Review is complete and the recommendations are being implemented – all of them – I’m delighted to say by the Government, I think it’s really important we keep this dialogue going because the longer we go post-Grenfell, the more concerned I become that we will allow this to fall away and we will not respond appropriately to change this broken system or ours.…

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Health and Safety update Featured Image

Health and Safety update!

Health & Safety is the one thing that keeps property managers awake at night. It’s a constant worry and no property manager can be complacent – no matter how pro-active you are, there is always a risk. At BW Residential Ltd we are lucky to have the help and advice of Dom Maree. He is a Property Management Health & Safety Specialist, with qualifications in all the right areas together with a great understanding of the constraints within which property managers have to work. We find his risk assessments helpful, understandable and practical. Read his latest Bulletin by clicking the…

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Can I sublet my flat? Featured Image

Can I sublet my flat?

Click below to listen to BW Residential Property Manager, Lewis Hood talk about subletting your flat and whether you would be in breach of your contract or not.     “Your lease will provide details on whether you are permitted to sublet your flat.  The majority of leases will allow you to sublet but you will often need permission from the freeholder.  We would recommend reading your lease and contacting your freeholder to gain permission before subletting your flat.  As if you do not get permission, you will be in breach of your lease.”

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Unfair leasehold arrangements Featured Image

Unfair leasehold arrangements.

  An interesting article was published recently regarding a government backed pledge to stop leaseholders being trapped in unfair and costly deals.  Companies such as Taylor Wimpey and Barratt Homes have already signed the government-backed pledge, which commits them to doing away with onerous ‘doubling clauses’ that can result in ground rents soaring exponentially over a short period of time. The freeholders who have signed, have committed to changing the terms of leases for those who are affected. Other industry bodies such as Managing Agents have also put their names down, vowing to act fairly and transparently in their dealings…

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