BUYING A LEASHOLD
- You have made the right choice, investing in property is the most effective and proven long-term wealth creation method. In London alone over 60% of current new-build developments are leasehold flats.With the current limitation of land availability across the hot spots in the UK, developers are aiming high and what better way than to build upwards. Building flats has allowed for the large-scale creation of accommodation at lower costs by developers thus allowing property ownership to widely attainable.So you have decided to acquire the freehold of the block, as a freeholder, you are therefore entitled to ground rents payable by leaseholders. You are entitled to ensure proper management of the block, with all costs underwritten by the leaseholder.
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Freehold investments are the ultimate passive income vehicle with the benefit of ownership of the flat at the end of the lease term. We will review the lease so you are clear on your rights and 
obligations as a freeholder. In addition, we offer a ground rent demand service to ensure your payment demands are properly served and adhere to the statutes which govern the process.
- If in fact you have chosen to invest in bricks and mortar by acquiring a flat, you now have the privilege of being a buy-to-let leasehold investor. As a non-resident leaseholder you are liable for service charges and ground rent which are payable to the landlord or his agent. We have the answers to all the questions that keep you up at night; about those exorbitant major works bills and the niggly feeling that you are paying for
annual service charges from which your tenants are getting little or no benefit. We will challenge the service charges on your behalf with the Managing Agent and/or freeholder all the way up to the First Tier Tribunal. If you want to know why you are charged ground rent when you buy a leasehold; we can give you the answers you need. We work in partnership with professional surveyors and solicitors and can advise on the process of lease extension, lease assignments and lease variation.
