LVW4

Registered with Property118.com
Tuesday 8th October 2013

Location
London

Trading Status
Sole Owner

Providing essential rental accommodation since
2008

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 124

LVW4

11:23 AM, 3rd April 2019
About 6 months ago

5k charged for Right to Consolidate?

Sounds like the sale will result in a higher loan to value figure across your portfolio, and therefore they are using the £5k to reduce it. I can't see £5k making much difference in the scheme of things, but if they do that to everyone, it's a nice little earner, as Arthur Daley used to say!... Read More

LVW4

12:36 PM, 25th March 2019
About 6 months ago

Works carried out without Landlords consent?

Sadly, you are stuck with having bought a leasehold property, and it is likely your solicitor did not advise you of the implications. Those in the freehold 'lobby' argue you should have read your lease, but you pay a solicitor for their expertise and to advise you correctly. Unfortunately, it rarely happens. Less so when the solicitor is recommended by the developer.
It may feel like you are alone in this, but you will gain support by joining the National Leasehold Campaign on Facebook. Together with the Leasehold Knowledge Partnership and the All Party Parliamentary Group, they are driving leasehold reform.... Read More

LVW4

11:58 AM, 18th February 2019
About 7 months ago

Leasehold/Commonhold campaign?

David, you are quite right. Property118 should be championing this campaign. But it is not only apartments which are affected. The past few years, developers have been selling houses as Leasehold, and making obscene profits by selling on the freeholds to ground rent investment vehicles, and from the government's Help-to-Buy scheme.
However, it sounds like you are unaware of the activities of the National Leasehold Campaign (please join on Facebook), which, along with Leasehold Knowledge Partnership, has been responsible for driving the development of an All Party Parliamentary Group on leasehold reform, which currently has 160 members. Please ensure your MP is a member. (https://www.leaseholdknowledge.com/appglist)
Leaseholders include many thousands of BTL landlords, who know only too well how freeholders and their agents exploit them. Unfortunately, the vast majority of leaseholders who bought their 'homes' believing they would own them, really don't understand they are only 'renting', until it's too late. Leasehold is a scandal on a scale far bigger than PPI (which was not really a scandal which ruined lives!).
The more noise everyone makes about this, the better chance we will have of seeing Commonhold in England & Wales (already in Scotland).... Read More

LVW4

11:15 AM, 6th October 2018
About 12 months ago

New Landlord Association seeking pledges

Time to take a tougher stance in the interests of landlords and their tenants. Count me in!... Read More

LVW4

11:45 AM, 2nd October 2018
About 12 months ago

Our RTM company has a Non paying leaseholder

Reply to the comment left by Jean-Charles Nicolas at 02/10/2018 - 10:12
It is not your responsibility to ensure the other owners pay their share, and it shouldn't affect how much you pay, or whether the decorating is done. It is the Freeholder and the RTM Co who must chase the debts, and take whatever action needed under the law. It's not nice if you all know each other, but that's the value of having an independent RTM Co to manage the service charges and ground rent collection. If the co-owner has a mortgage, and the RTM Co doesn't want to go to court, then the RTM Co can request payment from the mortgage company. The debt would then be added to the owners mortgage.... Read More