2017 set to be the worst year for leaseholders

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. … Read More

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 … Read More

Compulsory purchase orders on London’s council estates a “form of social cleansing”

Press release: 29 September 2016 The threat of Compulsory Purchase Orders (CPOs) has become one of the biggest perils to ex-local authority leaseholders in London. Louie Burns, Managing Director of leasehold enfranchisement specialists Leasehold Solutions, argues that the human cost of CPOs amounts to a form of ‘social cleansing’ which will force the poor and ethnic minorities out of the … Read More

Slow post-Brexit house price growth may be good news for flat owners

Press Release: 12 August 2016 The growth in UK house prices slowed to its lowest pace in three years in July, following Britain’s vote to leave the European Union and recent changes to stamp duty rates on buy-to-let properties and second homes. According to a survey by The Royal Institution of Chartered Surveyors this week, demand in the UK’s housing … Read More

Brexit vote may spell opportunity for flat owners to secure cheaper lease extensions

  Press Release: 11 July 2016 Falling residential property prices in the wake of the ‘Brexit’ vote may be good news for the UK’s four million leasehold flat owners, according to leasehold enfranchisement specialists at Leasehold Solutions. The company has called on flat owners to extend the length of their leases now, in order to protect the full value of … Read More

Ruling on leasehold relativity is bad news for flat owners

Ruling on leasehold relativity is bad news for flat owners In May the Upper Tribunal (Lands Chamber) handed down its landmark decision on leasehold relativity (Sloane Stanley Estate v. Munday, 2016). In what may turn out to be one of the most significant decisions in the history of leasehold enfranchisement, the Upper Tribunal ruled against a new relativity graph proposed … Read More

Why a boom in leasehold flats – for young and old – is causing concern

Daily Telegraph, 16 January 2016 Our MD,  leasehold expert, Louie Burns, offers some advice to anyone considering a leasehold property in this weekend’s Daily Telegraph. “Unfortunately, if you work in many of our big cities and can only afford a flat, you will have no option but to buy leasehold.” If you find yourself saddled with a brute of a … Read More

The truth about freeholders' dirty tricks!

Leasehold Solutions has several thousand live lease extensions or freehold acquisitions in progress at any one time. On a day-to-day basis we work against the biggest and most notorious freeholders in London and, consequently, have an in-depth knowledge of the tricks the various freeholders use to get the most money from each transaction. Leasehold Solutions’ MD, Louie Burns, has written … Read More

Leasehold Solutions' Louie Burns discusses the issue of maintenance charges on ITV London News

Leasehold Solutions’ MD, Louie Burns, was recently invited by ITV News to comment on outrageous maintenance charges levied upon the owner of an ex Local Authority leasehold flat in London E6. Leasehold Solutions’ top three tips to consider before purchasing a property from the council, Local Authority or other social Landlord: 1. Check your lease! Does it contain a clause requiring you … Read More