17:26 PM, 23rd February 2021, About 8 months ago 1
A very nice apartment block in one of Surrey’s towns is owned by O&H Ltd. They have applied for administration in June 2020, but not much has been passed onto flat’s leaseholders. However, it looks that the things are going to move.
The main problem of that block is, although it is not high rise it is clad and the balconies have wooden decking (not fire-resistant). Both are a problem, and the cladding makes these apartments unsaleable anyway.
I just need some advice please:
Where do the leaseholders stand in case the owners go into liquidation?
What about mortgages?
Any other problems we should be aware of?
Thank you very much in advance for your thoughts. Any comments and advice will be very helpful indeed.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleSelling BTL - Notice period required during Covid?
Next Article32% of PRS stock built before 1919
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|