Resources
Resources
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.…
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…
Health and Safety Risk Assessment
Click on the video below to listen to Property Manager, Lewis explain why a Health and Safety Risk Assessment needs to be carried out. “The duty to comply with the Health & Safety and Fire Regulations falls on the landlord or the person responsible for the management of the building. This could be a Managing Agent, a Residents…
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…
Do you think Commonhold will come into play in England and Wales?
Listen to Property Manager, Lewis Hood discuss his thoughts regarding “Do you think Commonhold will come into play in England and Wales?” “Currently, no! There are few incentives that offer developers a good enough reason to choose Commonhold over Leasehold from a financial perspective. Unless this changes, there is no clear sign of an increase to the current…
Fraudsters nearly stole a property!
An article in the Daily Mail today tells the story of one lady’s property title fraud… “My four-bedroom house in South London is my most valuable asset. I bought it for £345,000 in 2002 and it is now mortgage-free and worth about £850,000. But I never dreamed that one day a fraudster would be so bold as to try…
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 &…
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…
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.…
Leasehold in London needs changing!
An article in Show House yesterday gave the views of the Mayor of London, Sadiq Khan, who has launched a new guide to help London leaseholders while at the same time stepping up his calls on ministers to overhaul the system of leasehold for homebuyers in the capital. An estimated third of London’s homes – and over 90% of…