Welcome to Peter Barry’s blog posts. You’ll find a range of topics focussing on issues that are important to our clients where we try to answer the questions that we regularly get asked.
Here at Peter Barry, we continue to handle a significant number of lease extension and freehold enfranchisement claims each month. Still, the vast majority are on leases that are greater than 80 years and have reasonable ground rents, meaning that they have less to gain from ongoing leasehold reforms. That does, of course, leave those who don't meet that criteria in a somewhat nervous ...
Here at Peter Barry, we continue to handle a significant number of lease extension and freehold enfranchisement claims each ...
May 2024 Update: Following Rishi Sunak's surprise General Election announcement, the The Leasehold and Freehold Reform ...
Despite the Secretary of State for Levelling Up, Michael Gove, stating in January 2023 that he wished to "abolish the feudal ...
This is a question that is asked from time to time, so it made sense to reveal a little detail on that subject. Peter ...
It is over a month since the Housing Secretary's announcement on Leasehold Reform. We wrote are response shortly after and ...
Following on from the Law Commissions Consultation and recommendations the Housing Secretary Robert Jenrick has announced ...
One of the most common reasons for leaseholders wanting to extend their leases is the need to sell. A property's value decreases along with the lease, with a 70-year lease worth around 90% of a 100-year lease, whilst a 60-year lease is more like 80%. The basic mathematics of the lease extension process means that the cost of extending, plus professional fees should nearly always be less than the ...
One of the most common reasons for leaseholders wanting to extend their leases is the need to sell. A property's value ...
It has been 100 days since Boris Johnson announced in a televised address, that the UK was to go into lockdown. At the time, ...
As we all adjust to the new reality of home working everyone is having to adjust the way they do business. Residential ...
We have previously covered worked examples of how a typical lease extension works but never freehold purchases ...