Under the Leasehold Reform, Housing and Urban Development Act 1993, leaseholders are granted the legal entitlement to acquire the freehold of their building, a process known as Collective
Can A Freeholder Force A Leaseholder To Sell?
Time to Sell? Don’t Delay, Act Now!
Nikka Sulton
Rightmove anticipates disruptions in the housing market starting from the summer months, warning sellers to brace for potential challenges. This caution comes amidst a surge in sales activity
How Much Does It Cost To Extend A Leasehold?
Nikka Sulton
A lease extension serves as a contractual arrangement between a property’s freeholder and the leaseholder, permitting the latter to extend their tenure within the premises for a renewed
Renters Reform Bill Amendment: Impact on Domestic Abuse
Nikka Sulton
Generation Rent is raising concerns about a proposed government amendment to the Renters Reform Bill, arguing that it could potentially “trap” victims of domestic abuse. According to the
Should I Avoid Buying Leasehold?
Nikka Sulton
Many individuals possess leasehold properties, a form of home ownership known for its complexities. Due to its negative reputation, the government is implementing reforms aimed at reducing lease
Rent Spikes Near Double Digits Amid Rate Cut Delay
Nikka Sulton
The latest government rent index reveals a 9.2% increase in average private rents across the UK in the year leading to March 2024, slightly up from 9.0% in
Can You Sell A House With A Short Lease?
Nikka Sulton
Selling a short lease property, typically with less than 70 to 80 years left, can pose challenges. However, there are strategies to secure a sale at a fair
UK Inflation Eases Amidst Declining Food Costs
Nikka Sulton
Inflation in the UK has reached its lowest level in two and a half years, primarily attributed to a deceleration in the rate of food price hikes. According
Rental Market Strengthens as First-Time Buyers Hesitate
Nikka Sulton
Nearly 50% of first-time buyers market express growing concerns about the feasibility of homeownership, citing the ongoing challenges of the cost-of-living crisis. Research conducted by the Nationwide Building
What Is The Risk Of A Short Lease?
Nikka Sulton
Short-lease properties are becoming increasingly rare, catching many buyers off guard as they navigate the purchasing process. Among the most affected property types are flats, often leaving buyers