There has been a lot of publicity recently regards leases and in particular the new homes leasehold scandal. Some big-name builders have been condemned, rightly so, for duping buyers into purchasing property with onerous leases that were never explained. Such leases make homes very difficult to re-sell and potentially un-mortgageable. There have been horror stories of ground rents doubling and sky-high administration costs. The scams are truly shocking, so much so that the Government has stepped in and is reviewing the system. Read on for my brief lesson on leases . . .
Clients often ask who is best to carry out their viewings, is it the agent or are they better doing it themselves?