Browsing: Industry News

The concept of buying leasehold can be a bit confusing. It’s probably more commonly understood now than it has been in previous years due to the discussion in the news about the cladding crisis and the brief explanations in reports about what it means to buy leasehold, but the nuances of owning and living in a leasehold flat are still confusing to many.

Taking an eco-friendly approach has been necessary and largely popular for quite some time. Many blocks are preparing for the future by creating the infrastructure for EV charging, making their building’s more energy-efficient and even going as far as fitting ground source heat pumps and solar panels.

With the cost-of-living crisis in full effect, you are likely to be scrutinising your service charge demands a little more than usual. Unless your service charge is set at a fixed amount in your lease, the chances are your landlord is allowed to increase your charges. However, increases must be reasonable, and the law allows leaseholders to challenge increases if they are seen to be unreasonable.