STOP! Do you own a leasehold house? Leasehold Solutions can help
Leasehold Solutions has been championing the rights of flat owners for 15 years and our work is increasingly turning to those who have bought new – leasehold – houses.
We are holding a series of regional meetings where our experts will help to clarify the implications of owning a leasehold property – and what opportunities exist for redress.
Read more here.
Leasehold Solutions is passionate about empowering leaseholders to take control of the value of their properties by extending their leases or buying their freeholds. We have enabled thousands of leaseholders to do so since 2002.
2017 set to be the worst year for leaseholders, claims leasehold expert and MD of Leasehold Solutions, Louie Burns
Last year was the worst year to be a leaseholder in living memory, and the situation for the UK’s 4.1 million leasehold flat owners looks set to be even worse in 2017. That’s the view of our Managing Director, Louie Burns.
A series of developments during 2016 has made it increasingly difficult for flat owners to exercise their legal rights, while the cost of doing so has also risen significantly.
Louie said: “It is no exaggeration to say that 2016 was the worst year to be a leaseholder in recent times. From increasing the costs of seeking a resolution through the courts, to a seismic decision on how the value of leasehold extensions are calculated, to a new ruling that affects leaseholders’ right to manage their block, power has been steadily concentrated with already powerful freeholders, to the detriment of leaseholders.
“I’m afraid this trend looks set to continue during 2017, perpetuating the many injustices and inequalities of the UK’s feudal and outdated leasehold system.”
Leasehold Solutions’ FREE TO ATTEND event for home owners
Leasehold Solutions is bringing its FREE events for homeowners to Liverpool and Manchester.
These events will provide home owners caught up in the leasehold scandal expert advice on their leases and their rights as leaseholders.
To find out more visit: www.theleaseholdroadshow.co.uk
The reality of ‘virtual freeholds’ is a real nightmare for thousands of flat owners
The owners of tens of thousands of newly-built leasehold flats, marketed as ‘virtual freehold’ properties with 999-year leases, are in danger of losing their capital investment, claims Louie Burns, Leasehold Solutions’ Managing Director.
The term ‘virtual freehold’ implies flat owners do not need to be concerned when buying a leasehold property, as the long lease should protect their capital investment indefinitely. But the reality is that buying a ‘virtual freehold’ property can become a real nightmare, with onerous ground rent schedules and service charges seriously affecting the flat owner’s ability to sell the property in the future.