The Government is having a crackdown on what they call “unfair and abusive practices within the leasehold system”. Research has found that 31.9% of all properties sold in the UK in 2017 were leasehold showing an increase of more than 5% on 2016.
Leasehold properties benefit from Residents Associations who work together with a managing agent to make their estate a better, safer and happier place to live.
Having the right managing agent who works with the residents to ensure everything is running properly and any faults are dealt with promptly and effectively, as well as ensuring the estate is always clean and well maintained.
Times have changed and many buyers now appreciate not having to worry about maintaining their building or the surrounding area so that they can get on with their busy lives and leave the mundane though necessary tasks to the managing agent.