Leasehold Scandal a Tickin...

When you see the word scandal you night think of the shenanigans at FIFA, or the Panama Papers, maybe even a Big Brother / Strictly Come Dancing celebrity affair.However, there's a serious scandal going on in the UK right now which is costing people who have leaseholds on their properties tens of thousands of pounds.Regularly I come across properties in and around Forest Hill with less than 85 years left on their leases. Owners of properties with leases like these need to act NOW.Why? Well once a lease goes below 80 years it costs significantly more to renew.It's a scandal that more isn't being done to warn, advise and help homeowners affected by this ticking time bomb. It's staggering how few leaseholders are aware of the potential problem creeping towards them relentlessly. Many people are unwittingly sleep walking their way to a big and costly problem if they don't take action.During the 20 years I've been an agent I've come across a lot of leasehold issues and know a fair bit about the subject.Of course the best person to deal with it would be a good property solicitor but if you have any general questions please do not hesitate to contact me.Thanks for reading.Ben, Many people are unwittingly sleep walking their way to a big and costly problem if they don't take action.