Originally posted by vetran
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Minister announces end to new-build leaseholds
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Originally posted by AtW View PostYes and that’s why leaseholds on flats like mine should work via freehold assigned to the company in which leaseholders own equal shares - this way service fee is managed but no crazy tulip can happen as easily as in most new big tower flats"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Originally posted by vetran View PostProblem is that as more leaseholders are involved the harder it is to get a decision. Probably best if large blocks are professionally managed.Comment
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Originally posted by Martin@AS Financial View PostThe issue is that there are not enough good quality management agents. The vast majority that i have dealt with have been utterly woeful and tend to side with the freeholder.
Granted it's a small block of just 8 flats, a lot easier to deal with fewer people involved.Comment
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Originally posted by Martin@AS Financial View PostThe issue is that there are not enough good quality management agents. The vast majority that i have dealt with have been utterly woeful and tend to side with the freeholder.
sounds like an area that needs legislation then.Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by Paddy View PostIn which case you need to pay special attention to the running of the Freehold Ltd Co. Make sure the company does not get into a situation whereby it can have a compulsory winding-up order. Make sure it has a substantial sink (sinking) fund for unseen eventualities.
precisely or they run up the list of shared jobs and they sell their flat before the bill becomes due.Always forgive your enemies; nothing annoys them so much.Comment
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Leasehold: a Mortgage Strategy investigation
Good article from Mortgage Strategy
Leasehold: a Mortgage Strategy investigation - Mortgage StrategyComment
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