RICS CHARTERED SURVEYORS SPECIALISING IN COMPULSORY PURCHASE FOR HOMEOWNERS AND BUSINESSES

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Heathrow Airport expansion impact

Heathrow Airport expansion impact

Amid COVID updates at the end of last year, news what would otherwise be a big story got lost. In December 2020 the Supreme Court overturned a previous decision of the Court of Appeal which means the expansion of Heathrow Airport and the creation of a third runway can...

Buying a flat. The importance of lease length

Buying a flat. The importance of lease length

Buying A Flat? Importance of Lease Length When buying a flat it is important that the purchaser understands exactly what they are acquiring. A purchaser will view the property several times and will have a great understanding of the layout, condition, the parts of the...

Is the Crown your Landlord?

Is the Crown your Landlord?

A headline in the Guardian this week read: ‘Prince Charles vetted laws that stop his tenants buying their homes’ Although interesting, it is not a huge surprise to anyone working in the world of lease extensions. You are entitled to extend your lease by 90 years MOST...

The Aylesbury Estate Regeneration Scheme

The Aylesbury Estate Regeneration Scheme

The Aylesbury Estate regeneration scheme is being undertaken by The London Borough of Southwark. The Council is currently negotiating to acquire property on the estate by agreement with leaseholders. In the unlikely event that the Council purchases every flat, they...

Lease Extension Fact 5

Lease Extension Fact 5

A lease extension could take one month or eighteen months to complete. The speed of the process is largely dependent on the actions taken by leaseholders and freeholders during the process. If you are looking to sell your flat in the next year or two and you believe...

CPO Fact no 3

CPO Fact no 3

Compensation for a business affected by a compulsory purchase order is calculated on one of two basis. Relocation : The cost to relocate the business to a new premises. In addition to the cost to relocate, the business is also entitled to any profits lost as a result...

Lease Extension Fact 5

Lease Extension Fact 5

The House Price Index prepared by the Land Registry indicates property in Tunbridge Wells has held its value over a turbulent twelve months. However there are indications values could fall in the coming months. A silver lining for leaseholders in a falling property...

Rejoice Rejoice, great news for Leaseholders

Rejoice Rejoice, great news for Leaseholders

Lease Extension Fact 2: Rejoice Rejoice, great news for leaseholders looking to extend their lease. Government reforms to the system of lease extension are coming which are very favourable to leaseholders. Currently if a leaseholder chooses to extend their lease, they...

CPO Fact no 2

CPO Fact no 2

CPO Fact 2: Compensation for property owners affected by a scheme where compulsory purchase powers are used can be split broadly into five main headings. 1 : Compensation for land taken. Based on the open market value of land acquired. 2 : Compensation for reduction...

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