What to Check before Buying a Leasehold Property?
Buying a home is one of the largest investments you will ever make, but when you buy a leasehold, you are only buying the building, not the land the building is built on. However, when you purchase a leasehold property, you will be buying the right to live in that property for the term of […]
Common Questions about Statutory Lease Extensions
Do you own a leasehold property, typically a flat or maisonette? The number of years left to run on the lease is a key component of the property’s market value, and there may come a time when a lease extension would make sense. So, what can you do? Many leaseholders are unaware of their right […]
Informal Lease Extension Advantages & Disadvantages
If the number of years on the lease equates to 90 or under, the leaseholder can obtain a lease extension. Under the provisions of the Leasehold Reform, Housing and Urban Development Act 1993 (the Act) residential leaseholders have a statutory right to extend their lease. However, this is often a long drawn-out and potentially expensive […]
When you Need a Red Book Valuation in Wimbledon London
The Red Book is issued by RICS as part of their commitment to promote and support high standards in valuation delivery across the world. The publication details mandatory practices for RICS members undertaking valuation services. As the first, globally recognised, trademark for valuers and the most widely used valuation standard globally, the Red Book is […]
