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.…
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…
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…
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…
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.
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…
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…
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…