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Don’t get caught out by the lease extension timebomb

Estimate the costs of lease extension at www.lease-advice.org Unwelcome chickens may be coming home to roost for people who bought flats in the 1970s and 1980s on relatively short leases of 125 years. Leaseholders have rights in law to extend their leases by 90...

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Try a new way of selling your flat

There are a number of estate agencies trying to help those of you who are desperate to move.

www.expressestateagency.co.uk – who specialise in matching buyers who are keen to buy quickly and have funds in place with property owners happy to negotiate on price for the benefit of selling quickly.

www.completingchains.com concentrate on reducing prices from the tope of the chain to get sales moving and hopefully managing to decrease the prices at the lower end of the scale to assist first time buyers.

www.homeswapper4sale.co.uk – who match sellers who want each others homes. They state to have already matched 1700 of their members.

** HIPS – are still not required for leasehold properties - regulations from 1st January 2009 require you to complete a simple Property Information Questionnaire (PIQ) and provide a copy of your lease which is *currently the only additional mandatory requirement.

More information is available on The Communities and Local Government website at:
www.communities.gov.uk/housing/buyingselling/homeinformation/

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