In this episode I explain the many types of property ownership including freehold, leasehold, share of freehold, commonhold and Scottish feuhold.
I cover the many issues to look out for when buying these properties including costs you might face, legals, finance and Cornish pasties.
I also cover splitting titles of multi unit blocks and matters landlords and developers should be aware of.
*** BREAKING NEWS ***
Following the publication of this podcast the Govt have announced the launch of a multi body council to look into using the Commonhold model more often. More details in the link below:-
https://www.financialreporter.co.uk/finance-news/government-launches-commonhold-council-to-prepare-market-for-widespread-uptake.html
Here are the links I refer to in the podcast:-
Bona Vacantia Property List
https://www.gov.uk/government/statistical-data-sets/unclaimed-estates-list
Lease Advice and Calculator
https://www.lease-advice.org
You can download Land Registry titles at this link:-
https://www.gov.uk/search-property-information-land-registry
Here’s an overview of the current situation regarding EWS1 requirements:-
https://commonslibrary.parliament.uk/the-external-wall-fire-review-process-ews
For your free property buyers checklist, more tips and inspiration go to:- www.mortgagemomma.uk
You can also join me on Facebook:- www.facebook.com/ukmortgagemomma
and
Instagram:- www.instagram.com/mortgagemommauk
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