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Topic: Reply
Posted by: Michael Ixer
Date/Time: 28/02/24 14:00:00

Andy. I think it's probably true that insufficient due diligence has been carried out by many purchasers' solicitors - and also some managing agents have allowed some blocks to be inadequately maintained over the years meaning it cames as a nasty shock when work can no longer be postponed. (Remember, the managing agents are appointed by and work or the freeholders even though the leaseholders pay their charges, an anomalous situation.)

It sounds like Wandsworth are relatively benign landlords. Others are just greedy and selfish - I won't go into details but they use lawyers to frustrate leaseholders' rights and bocks are often sold to offshore companies with faceless owners. The company owning the freehold of my mother's flat in Essex was Chinese, although fortunately it was easy to sell when the funds were needed for care home charges. In my opinion a regulator similar to the financial services one is needed - after all, property is often someone's biggest investment and needs to be protected from abuse in the same way as pensions or other savings.

Even jointly owning a block with other leaseholders has issues: there may not be agreements on work needed, there's often a reluctance to enforce lease obligations against leaseholders (such as mandatory carpeting or noise proof floors) and many management companies are still lackadaisical not understanding they now work for the leaseholders who are also the block's owners! (And I heard of one instance where the agents tried to run off with the service charge funds.)



Entire Thread
TopicDate PostedPosted By
Leasehold & Freehold (Reform) Bill27/02/24 18:41:00 Martine Guy
   Re:Leasehold & Freehold (Reform) Bill27/02/24 19:04:00 Barbara Stevens
      Reply27/02/24 21:31:00 Martine Guy
         Re:Reply27/02/24 21:38:00 Barbara Stevens
   Reply28/02/24 01:45:00 Michael Ixer
      Re:Reply28/02/24 05:31:00 Ed Robinson
         Re:Re:Reply28/02/24 08:14:00 Andy Pike
            Reply28/02/24 09:13:00 Martine Guy
               Re:Reply28/02/24 09:32:00 Andy Pike
      Re:Reply28/02/24 09:21:00 Barbara Stevens
         Re:Re:Reply28/02/24 09:40:00 Barbara Stevens
            Reply28/02/24 10:24:00 Martine Guy
               Re:Reply28/02/24 10:45:00 Barbara Stevens
         Reply28/02/24 10:31:00 Michael Ixer
            Re:Reply28/02/24 10:40:00 Barbara Stevens
               Re:Re:Reply28/02/24 10:49:00 Andy Pike
                  Reply28/02/24 11:01:00 Martine Guy
                     Re:Reply28/02/24 11:15:00 Andy Pike
                        Reply28/02/24 12:01:00 Michael Ixer
                           Re:Reply28/02/24 13:20:00 Andy Pike
                              Reply28/02/24 14:00:00 Michael Ixer
                  Re:Re:Re:Reply28/02/24 15:32:00 Barbara Stevens
               Reply28/02/24 11:23:00 Michael Ixer
                  Reply28/02/24 13:45:00 Martine Guy
                     Reply28/02/24 13:51:00 Martine Guy
                  Re:Reply28/02/24 15:37:00 Barbara Stevens
                     Re:Re:Reply28/02/24 16:18:00 Michael Ixer
            Re:Reply28/02/24 15:30:00 Barbara Stevens
               Re:Re:Reply01/03/24 13:56:00 Lucille Grant
                  Reply01/03/24 15:08:00 Martine Guy
                     Re:Reply01/03/24 15:23:00 Philippa Bond
                        Reply01/03/24 16:03:00 Martine Guy
                           Re:Reply01/03/24 19:39:00 Ed Robinson
                              Re:Re:Reply03/03/24 07:51:00 Philippa Bond
                                 Reply03/03/24 20:09:00 Martine Guy
                                    Re:Reply03/03/24 22:29:00 Philippa Bond
                                       Reply03/03/24 22:48:00 Michael Ixer
                                          Re:Reply29/03/24 15:13:00 Philippa Bond
                                       Re:Re:Reply03/03/24 23:23:00 Ed Robinson
                                          Reply24/03/24 11:53:00 Martine Guy
                                             Re:Reply24/03/24 14:10:00 Lucille Grant
                                                Reply24/03/24 14:39:00 Martine Guy
                                                   Reply27/03/24 15:20:00 Martine Guy
                                                      Re:Reply27/03/24 16:54:00 Andy Pike
                                                         Reply27/03/24 20:47:00 Michael Ixer
                                                            Re:Reply30/03/24 12:27:00 Ed Robinson
                  Re:Re:Re:Reply29/03/24 21:14:00 Elizabeth Balsom
                     Re:Re:Re:Re:Reply31/03/24 23:09:00 Philippa Bond

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