Ian Cognito

Registered with Property118.com
Wednesday 8th January 2020

Latest Comments

Total Number of Property118 Comments: 30

Ian Cognito

11:29 AM, 5th April 2021
About 2 weeks ago

Keep or sell leasehold with ground rent increasing formula?

If the leasehold reforms are introduced, then "happy days". However, even in their absense, your position is not as bad as it might at first seem.

Whilst a £250 increase after 10 years is a doublng at the first review (i.e. an increase from £250 to £500), the proportional increase thereafter is reduced at each review. In percentage terms, the increases are:
10 years = 100% = 7.18% compound
20 years = 50% = 4.14% compound
30 years = 33.3% = 2.92% compound
40 years = 25% = 2.26% compound
50 years = 20% = 1.84% compound

Not that it materially changes things, but:
1) How is the inflationary increase calculated?
2) How long is the lease?
3) To give a sense of perspective, approx how much is the annual service charge?... Read More

Ian Cognito

10:24 AM, 13th March 2021
About a month ago

Inspection of the fire doors?

Reply to the comment left by michaelwgroves at 13/03/2021 - 09:00
My guess is a typo as 'a' next to 's' on keyboard. FD30s is FD30 with smoke seal.... Read More

Ian Cognito

13:47 PM, 18th January 2021
About 3 months ago

EICR report - fail (C2) smoke alarms expired?

There may be a "replace by date" on the casing.

How has the alarm been tested to confirm that the detectors are working correctly?... Read More

Ian Cognito

13:24 PM, 15th January 2021
About 3 months ago

Tenant Reference Requested?

Reply to the comment left by Ron H-W at 15/01/2021 - 12:35
Peter's point was that the telephone number was supplied by the tenant and so could have been that of a friend rather than the previous landlord.... Read More