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Simon Davies

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my expertise in the industry

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Leasehold and shared ownership properties especially very important. Lease length, ground rent and increasing terms, current service charge, and whether the building has Right to Manage or a Residents Management Company as a bare minimum. Would save home buyers a huge amount of stress, time wasted and expense.

From: Simon Davies 21 April 2021 15:11 PM

Greed has come back to bite these developers. No justification for leasehold houses at all, and flats should be Commonhold not leasehold, as used everywhere else in the world except England and Wales. Home buyers want to own their homes and have control over the costs of running them, not have some 3rd party entity continually putting it's hand in their pockets. Incredible how many people are still not aware that leasehold means you do not really own your home, and estate agents and solicitors do not point this out to prospective buyers or make them fully aware of the issues with leasehold tenure.

From: Simon Davies 22 March 2021 09:34 AM

It needs to be made clear to potential buyers of a leasehold property that they do not own it, they have the right to live there for the remaining years on the lease, and subject to the conditions in the lease. Lease extension costs, possible freehold purchase, permission fees, covenants, and Right to Manage need to be explained, along with possible forfeiture of the lease for non payment of small debts. Service charges and ground rent costs to be made clear. I am not an estate agent or conveyancer. Many solicitors need to do a better job at explaining leasehold, and much more information needs to he available in easily digestible form before purchase. Leases should be written in a more straightforward way rather than in antique English, like a good shorthold tenancy agreement. Far too many people suffer under leasehold with unexpected costs and terms in the lease, and abuse from freeholders and managing agents.

From: Simon Davies 10 January 2019 10:08 AM

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