Leasehold


The Leasehold Timebomb

If your property is still leasehold, the clock is ticking. If you have less than 60 years left to go on your lease you should seriously consider buying the freehold. With a leasehold, as a leaseholder, you just have the right to use the property. You do not own the land or the property itself. You have a lease to use the property in accordance with […]

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Government to “clamp down” on leasehold mis-selling

The Secretary of state for housing, communities and local government James Brokenshire has written to the Competition and Markets Authority and the Solicitors Regulation Authority in an effort to tackle issues with the leasehold market. Official figures point to approximately 100,000 tenants trapped in “exploitative and unfair” leasehold arrangements, with home owners suffering a ‘Double Clause’ in the worst cases. This amounts to ground rent […]


The problem with leasehold properties

Recently we have dealt with a number of clients who have purchased the freehold title to their property. The problem with leasehold properties is that every year the cost of the freehold will increase and as the term of the lease diminishes even further, the price will escalate quite dramatically. The only way to combat this is to purchase the freehold as soon as possible, […]


Leasehold v Freehold PGM Solicitors Swansea

Is Your Home Leasehold?

By Paula Murphy   Is your home leasehold? If so, do you know how many years are left remaining before ownership of your home reverts to the owner? If you don’t know, I would strongly suggest that you check. If your home is freehold you own it outright and forever. You can do with it what you want, when you want, without having to ask […]