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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Furness House Featured Image

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 your building, please call us on 02380 847111.

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Letting Agent Fined £3k Over Redress Membership Featured Image

Letting agent fined £3k over redress membership

The Property Ombudsman has issued a reminder to all agents to ensure they have the correct redress membership to cover the work they undertake. This comes after a letting agent was issued with a £3,000 penalty by their Local Authority for not having redress membership to cover their Residential Leasehold Management work, despite being a member of The Property Ombudsman for Sales and Lettings. Click here to read the article from ‘Property Reporter’.    

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Grenfell continued – The importance of educating residents on the impact of their actions by Nick Coombe Featured Image

Grenfell continued – The importance of educating residents on the impact of their actions by Nick Coombe

Following on from our article yesterday where Dame Judith Hackitt spoke about Grenfell, we now hear from Nick Coombe, Protection Vice Chair, National Fire Chiefs Council with his thoughts. “I think it was clear after what happened at Grenfell that residents felt they were mistreated and betrayed for a number of reasons. Our role is to try and regain that confidence. Some of you will be thinking, that’s fine, but some people don’t want to be engaged with. And we have to accept that as well, that not every resident wants to know everything.  Some residents only stay for a…

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What is the difference between Freehold and Leasehold? Featured Image

What is the difference between Freehold and Leasehold?

Listen to Property Manager, Lewis Hood, who in the short video below, will explain the difference between Freehold properties and Leasehold properties.  

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What is a RTM - Right to Manage? Featured Image

What is a RTM? (Right to Manage)

Click below to listen to BW Residential Property Manager, Lewis Hood for more information.    

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Tips for Letting a Property Featured Image

Tips for letting a property

Buying an investment property is not the same as buying a family home. The criteria for buying a property to let are considerably different from those you might apply if buying a place in which you would live. For example, as a long-term owner-occupier you might have very personal tastes in strong decorations or would choose somewhere with a big garden. Many tenants will prefer a property with neutral decoration and a small garden that won’t take much maintenance. An investment in rental property should be ruled by the head rather than the heart and be treated as an unemotional…

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Are you thinking of buying a leasehold property Featured Image

Are you thinking of buying a leasehold property?

There are many things to consider when you’rethinking of buying a leasehold property. The Association of Leasehold Enfranchisement Practitioners (ALEP) suggests finding about the following. Remember to always read the lease to find out what the restrictions are, as they will vary from lease to lease, and you can not assume that what is acceptable in one property is the same in another…. The Length of the Lease Your lease will outline the length of time remaining on your lease. Check with your mortgage lender Mortgage lenders have different lengths of leases that they will accept, so you must check…

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