What is the problem with leaseholds?

What is the problem with leaseholds?

by | Feb 24, 2022 | Knowledgebase

To answer that you first need to know: What is the difference between freehold and leasehold?    IF YOU OWN THE FREEHOLD, YOU OWN THE PROPERTY INDEFINITELY.   IF YOU OWN THE LEASEHOLD THEN EVENTUALLY THE LANDLORD WILL GET THE PROPERTY BACK.   The problems flow really...
What is Leasehold Property?

What is Leasehold Property?

by | Feb 24, 2022 | Knowledgebase

There are two ways to own property: Freehold and Leasehold. A Freehold is when you own the property indefinitely, with Leasehold property you have the right to the property for only the length of the Lease. The Lease is granted by the Freeholder so when the Lease...
Understanding Stamp Duty

Understanding Stamp Duty

by | Jan 11, 2022 | Knowledgebase

Many of you many know that Stamp Duty Land Tax (SDLT) is a tax payable when you buy property or land over a certain price. Stamp Duty was introduced in 1694 as a way to raise monies for war against France. SDLT has of course, changed quite substantially since then and...
Lasting Power of Attorney for your Business

Lasting Power of Attorney for your Business

by | Jan 11, 2022 | Knowledgebase

Many people have heard of Lasting Powers of Attorney for personal matters. Which allow you to give another trusted person the ability to deal with your finances and/or health decisions on your behalf. Most people, however, are not aware that you can also make Lasting...
How do I buy my freehold or extend my lease?

How do I buy my freehold or extend my lease?

by | Aug 19, 2021 | Knowledgebase

The procedure for both is broadly the same so I will try and keep it simple!  What will it cost?  PROBABLY A LOT LESS THAN THE “VALUATION” THE FREEHOLDER ASKS YOU TO PAY!  It is normally possible to get very significant reductions on the initial price offered so...