Why we should scrap leasehold property

Martina LeesPress coverage, Property marketLeave a Comment

Lisa and Ray Chapple, aged 34 and 35, bought their three-bedroom terrace off plan only seven years ago, but say they would now “struggle to sell”. That’s because their house in Taylor Wimpey’s Speakman Gardens scheme, in Liverpool, is leasehold with a clause stating that the ground rent of £250 a year will double every decade for 50 years — … Read More

How Brexit is affecting the property market

Martina LeesProperty marketLeave a Comment

The EU referendum result has left buyers and sellers with a new dilemma: should they move now or wait for the dust to settle? Leave or remain? It is the new referendum that divides opinion among the nation’s buyers and sellers almost as much as the shock vote for Brexit: should you move now, or sit tight? For the families … Read More

Think your lender won’t care if you let out your home? Think again

Martina LeesMortgages, Property marketLeave a Comment

After two collapsed chains, 14 months in limbo, £2,000 in lost fees and one rogue sighting of Japanese knotweed, friends in west London were on tenterhooks last week as they finalised the sale of their three-bedroom home. Would this be third time lucky? Alas, one piece of paper was missing down the chain. “It’s really stressful,” says the mother of … Read More