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We all know about the usual policies needed to protect your block: Buildings Insurance, Directors and Officers Liability (if you’re an RMC) and specialist cover for features such as lifts and swimming pools etc. But have you protected your building and it’s residents against the unexpected?

Here’s we’ll detail the London Flats Insurance policies that are too often left on the “it’ll probably never happen” pile, which can sometimes lead to huge financial outlays when these rare incidents do occur.

Winter appears to be in full swing already- a bit of a shock after the heatwave we experienced this summer! As temperatures drop and the ‘big’ coats come out of storage, it’s time to make sure your block and your residents are prepared for the months ahead.

As we approach the winter months, the changing weather conditions can cause damage to your home. However, with a few easy steps you can prepare your property for the long, cold months ahead.

The approved scheme involves a 2,623 sq ft retail unit on the ground floor and 60 apartments – 29 single bedroom, two person apartments; 27 two bedroom apartments for up to three people and four two bedroom apartments suitable for up to four people.

Picture the scene…

You’re the Director of an RMC and today is not a good day. The building’s been flooded which has caused water damage to multiple flats, issues with access for the whole building and no one has electricity, heating or water.

The future of repairs and maintenance is beginning to look like science fiction, so what are we expecting to see in the next few years?

With summer almost over and the news full of worldwide severe weather events every property manager is reminded that the days of a storm are guaranteed to be almost impossible as they deal with a multitude of leaks, damage and fallen trees not mentioning the subsequent surveys and repair and reinstatement works.

Last week, the Bank of England made the decision to raise interest rates by 0.5%. This is the largest jump since 1995 and the sixth consecutive increase since December of last year. 

Prices usually drop in August, and this 1.3% is in line with the August drop over the past ten years

Summer holidays are taking priority and some new sellers are pricing more competitively to secure a buyer quickly. This is also to beat the lengthy average time to completion and move home before Christmas

Research by Warwick Estates reveals that the total value of new-build leasehold transactions is 50% higher than new-build freehold transactions, as flats and urban living dominate England’s market. 

In the first six months of 2021, there were 1,523 new-build transactions in England. Of these, 44.8% (683) were freehold homes while 55.2% (840) were leaseholds, demonstrating a fairly even split for England’s market.

The latest market analysis by estate and lettings agent, Barrows and Forrester, has revealed that, so far this year, Birmingham is the rental property repossession capital when it comes to landlords reclaiming their homes from problem tenants. When a landlord wants to remove tenants from their property, they often have to go to the county courts and file a repossession order.

The Federation of Private Residents’ Associations are a not-for-profit lease advice, support and lobbying organisation for private residential leaseholders, tenants’ and residents’ associations, Residential Management Companies and Flat Management Companies.

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.

As an RMC Director, Property Manager or Right to Manage Company, you will be on the front line for service charge enquiries. Residents are likely to be receiving higher bills than usual, largely due to insurance costs. Buildings Insurance is often the highest cost listed on the service charge breakdown and prices are creeping up and up.

Plans to create a new high-quality town centre in Seven Sisters moved a step closer last night after Haringey Council agreed to acquire land held by property developer Grainger. The Wards Corner site has long been identified by the council…

As the ‘Most Trusted Specialist Residential Block Management Company’ in 2022 for the United Kingdom, Fraser Allen Estate Management has gained notoriety for its charismatic, dedicated, and hardworking team.