“I’ve had a chat with Nicholas Shulman, the author of Being a Leaseholder, which was published earlier this year. He says it’s true that the leasehold system dates back to the Middle Ages, when a small number of landowners leased their land to the people who worked on it. But when a lease expires it doesn’t necessarily revert back to the freeholder. A change in the law in 1993 means that all leaseholders have the right to apply for an extension for 90 years plus what remains of the lease. The advice is to do it BEFORE the lease falls below 80 years, because you might not get a mortgage if it’s shorter than that. You should notify the freeholder and the Land Registry, and then get a valuer to work out how much it’ll cost. There is a formula, depending on how much the flat is worth and how much of the lease is left.. and the longer you leave it the more it’ll be. But it will cost at least a few thousand pounds. If the leaseholder decides NOT to extend, then it does revert to the landlord – and they can generate a new lease and sell the place to someone else.” http://www.bbc.co.uk/radio2/shows/evans/foxthefox.shtml ~ Fox the Fox – Chris Evans Drivetime – BBC Radio 2

 

“Great value for money and an essential read for anyone already owning a leasehold flat or contemplating buying a flat. This book is very informative and full of useful information,it’s written in a style that is understandable by the lay person, even though some of the issues addressed are quite complex. It’s readable from front to back as an informative (text) book, but also very useful as a reference book too. It could also serve as a useful handbook to be issued to residents by management companies seeking to meet best practice targets.” ~ Fylde Coaster

 

“I would highly recommend this book to anyone owning a leashold flat. The text is well written, concise and covers all the issues of being a lease holder in a very readable and understandable way. The book is very useful as a reference point to understand the rights of the householder and how to deal with the myriad of potential problems that may be encountered within the arrangements of the leasehold system – service charges and maintenance issues in particular with regards to my own situation. Well priced too.” ~ S. Macalister

 

“Well written but I feel it could be expanded. What there is, is useful but I was hoping for more to feel confident of my ‘facts’ when determing my rights in the face of 5 directors making decisions in private that the rest of us have to pay for! We have a company secretary who does “not get involved” although we do have a property manager. I need to know if I can force the company secretary to act as the law requires – as yet he has not shown his face at any AGM so I have no idea what he looks like!” ~ Leaseholder

 

“fortunately i found the book was written in a concise easily digestible form … I only just wish I had purchased this book a year ago (due to dealing with some issues as a lease holder …but thanks to this book …we were able to make informed discussions on how to progress tackling such issues in the block & what sort of legal advice was required). Its only a few quid and yet it’s something I would recommend that every leaseholder should have in their back pocket!” ~ Laurence Pollinsky