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"My flat has been repossessed!" was the start of a Leasehold Advice request …

By Bernie Wales / 18th July 2018 / 0 Comments

“My flat has been repossessed!” was the start of a Leasehold Advice request recently. It’s not a situation that arises every day – in fact it is quite rare. So, it immediately grabbed my interest. The poor chap in question was a Buy-To-Let Landlord who’d owned a flat in Norwich for some years. He lived in Bedford.…

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Update on Leasehold Reform

By Bernie Wales / 5th July 2018 / 0 Comments

The relatively new Housing Secretary; James Brokenshire has asked the Law Commission to review the laws which allow leaseholders to manage their own buildings. The legislation on Right to Manage [RTM] is meant to give leaseholders the power to stop abuse from rogue freeholders and their agents, by allowing most leaseholders to take over the…

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Cabinet Reshuffle Delays Ground Rent Ban … ?

By Bernie Wales / 30th April 2018 / 2 Comments

When Sajid Javid announced on 21st December 2017 the government’s intention to ban ground rents on houses and all new flats, I emailed everyone on my database. A month or so later I emailed again to express concern that Sajid Javid was one of those rare MPs who actually does something. Well, that positive trait…

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Regulation for Managing Agents

By Bernie Wales / 6th April 2018 / 0 Comments

Way back in 2002, and in response to the then Government’s consultation ‘Improving the standard of residential leasehold management’, the Leasehold Advisory Service; LEASE said: “From research, elsewhere (France and Australia) it is clear that a licensing system is fully achievable, acceptable by the industry and effective in regulation of standards. It is clear that…

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Ground Rents Update

By Bernie Wales / 10th February 2018 / 0 Comments

On 21st December 2017, I emailed my subscribers to notify them of the government’s intention to ban ground rents. This unexpected announcement by Sajid Javid, Secretary of State for Communities and Local Government, sent shockwaves through the freehold buying community … and raised cheers from the #leaseholdscandal brigade, who had been calling for leasehold reform…

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Are You Near Exeter on 22nd October?

By Bernie Wales / 15th October 2015 / 1 Comment

Are you near Exeter next Thursday; 22nd October? If you are – or if you can travel down to that part of the world – come and see my presentation to the Property Investors Network. Click here for details. I’ll be talking about the two biggest subjects people pay me to teach them about. Firstly,…

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Bernie Wales says RTBL. Watch this video to see why.

By Bernie Wales / 21st August 2015 / 2 Comments

Hello, my name’s Bernie Wales and I’m here to give you a short video with some advice which generally would solve 99% of leasehold problems. I get people visit my website and book up 15 minute slots because they have a problem and they want advice to do with their leasehold flat, or their block…

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Short Lease – Buying From A Dead Leaseholder

By Bernie Wales / 3rd September 2014 / Comments Off on Short Lease – Buying From A Dead Leaseholder

I recently had an enquiry from an investor who was looking at buying a flat with a 70 year unexpired term on the lease; a short lease. The leaseholder had recently died and his mum and sister were selling the flat. Here’s what I advised. — Further to our discussion, I attach the Freehold and…

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What Are The Ballpark Costs To Extend The Lease?

By Bernie Wales / 8th August 2014 / 0 Comments

I recently had a leasehold enquiry from a property investor looking at lease extension possibilities. He told me: I have come across a property in Reading – 26 Topnotch Court which is up for sale at £130K through an estate agent who makes it as difficult as possible to get in touch and talk to…

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“Final and binding” service charge … may not be

By Bernie Wales / 27th June 2014 / 0 Comments

The case of Windermere Marina Village Ltd v Wild and others [2014] UKUT 163 [LC] was recently decided in the Upper Tribunal. It looked at a common phrase seen in residential leases, namely that “ the determination by the Landlord’s surveyor shall be final and binding”. The decision said that that wording was void under…

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