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.…
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…
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…
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 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…
What is Commonhold?
Click on the video below to listen to Property Manager, Lewis discuss what Commonhold is. “Commonhold is a type of property ownership which was introduced with the overall aim to replace leasehold by simplifying the system where a set of rules will apply to any commonhold property. To date, there are approximately fifty blocks of flats which are…
‘Statement of Estimates – Why do we need this and what’s included?’
Click on the link below to listen to Property Manager, Jamie Fisk explain about the “Statement of Estimates”: “A Statement of Estimates can only be issued once the first notice (the Notice of Intention) has expired. This will include recommending contractors and their prices by the landlord or agent, as well as contractors nominated by the leaseholders if any…
‘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…