From Tiny Acorns…
One of the questions we often receive from buyers when they are purchasing a property is what is a tree preservation order (TPO) and how will it affect the trees within their property – particularly if they have potential development plans. Even if a tree is not protected, what is the effect of the property […]
The Leasehold and Freehold Reform Act
One of the pieces of legislation that was saved when Parliament was dissolved on 24 May was The Leasehold and Freehold Reform Act. The Act will make it easier and cheaper for leaseholders to buy their freehold, increase standard lease extension terms to 990, and provide greater transparency over service charges. The Act will also […]
Share of Freehold – sounds perfect but what does it mean?
Whilst historically the collection of ground rent by freeholders has been a steady income stream, since the implementation of the Leaseholders Reform (Ground Rent) Act 2022 there is now little incentive to retain the freehold interest on new build leasehold developments. For those who are not aware, the Leaseholders Reform (Ground Rent) Act 2022 prohibits […]
Gifted Deposit – What is it?
Gifted deposit – what is it? In its literal sense it is a cash gift. If you are fortunate enough to be gifted money that helps you to get on the property ladder consider yourself lucky. Buying a house is probably the biggest financial commitment you will ever make. It is now a frequent occurrence […]
We are pleased to welcome Areej Regeb and Hoshvan Sadiq to the team
Ashworths are pleased to announce the arrival of two new members of the team! Areej Regeb joined us at the end of 2023 and is a experienced residential property lawyer. In March she was joined by Hoshvan Sadiq who is recently qualified and who will be assisting with commercial and residential transactions. We are delighted […]
Ashworths continue our sponsorship of Wimbledon BookFest
Ashworths sponsor another successful BookFest Event Ashworths have sponsored Wimbledon BookFest for a number of years and last weekend were delighted to support a fantastic event as Clive Myrie chatted about his life and his best selling book “Everything is Everything” to a packed audience at the New Wimbledon Theatre. Click here to find out […]
Stepping into what?
My grandmother used to refer to it as “stepping out” or, if feeling particularly modern, “courting”. As we hit Valentine’s Day and love is in the air, what are the pit-falls of moving in with your other half? Apart from the inevitable squabble about dirty washing up being left in the sink, there are a […]
Ground Rents
Ground rents have been something of a hot topic over the last few years. You may have seen articles in the press concerning ground rents and how in some cases mortgage lenders will not lend on properties with unreasonable or doubling ground rents. The situation is a little more complex than that and the main […]
The ‘Unknown’ Costs of Leasehold Properties
With the current cost of living crisis, it is not all surprising that leasehold properties are a more viable and attractive option to many purchasers. Generally, albeit not entirely true, leasehold properties can appear to be the less costly alternative to a freehold purchase, and it has become the more attractive option in London however, […]
Cladding – Part 2 of a two part update
What happens if your flat is affected? Last month we looked at EWS1 certificates and when these might be required. The requirements are complex and are change frequently, but every flat owner’s worst nightmare is discovering that their block of flats does contain combustible cladding. Whilst a potential delay in obtaining an EWS1 certificate […]