News on the block - Enfranchisement & Right to Manage Awards 2013 myleasehold nominated for Valuers of the Year 2013
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“Choosing the right expert”

Our very own Mark Wilson, and Mark Chick of Bishop & Sewell have been featured in this month’s Flat Living magazine on the subject of expert witnesses.

“If there are any doubts as to your credibility, a judicial body could attach little or no weight to your evidence” advises Mark Wilson.

The full text of their advice is below:

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Introducing: Graphs of Relativity

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Graphs of Relativity is a new online application. The site calculates the unexpired term of a lease, or uses an already known unexpired term, and then calculates and tabulates the relativity with reference to published graph data. With a PDF and print function, the application can be used on a case-by-case basis. There is also the facility to enter a property address for further referencing.

Developed BY Valuation Surveyors FOR Valuation Surveyors, we hope you find this resource useful, and invite your comments, suggestions and feedback as we continue to develop and improve the application.

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First Tier Tribunal (Property Chamber): new service

In response to the change of the Leasehold Valuation Tribunal into the First Tier Tribunal (Property Chamber), which came into effect on 1 July 2013, myleasehold ltd are introducing an expert witness service committed to dealing with Tribunal matters.

From now on, our Tribunal department will be headed by Mr Ivan Taylor BSc FRICS. Ivan is a Chartered Surveyor with over 25 years’ experience dealing with residential property disputes, specialising in leasehold reform and service charge matters.

Ivan is an integral part of myleasehold’s professional team. As a result, he will be involved from the outset in the difficult cases and when a Tribunal hearing seems likely. In the forum of our general internal discussions he will be informed of outstanding issues in dispute on a case-specific basis.

Notwithstanding directions being issued, the myleasehold team will continue to negotiate, as our objective is to reach a settlement without the need for the matter to be heard in a Tribunal.

Fees

Our fees for undertaking work in advance of a tribunal are charged at an hourly rate of £295 plus VAT. In the event that the matter were to be heard at a Tribunal and Ivan were to attend the hearing, the fee would be £950 plus VAT for a half day and £1,650 plus VAT for a full day.

For further details or enquiries, please contact Mark Wilson or Ivan.

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myleasehold win Valuers of the Year 2013 at the ERMAs

ERMAs

We are delighted to announce that we have won the award for Valuers of the Year at the prestigious Enfranchisement and Right to Manage Awards 2013. The ERMAs, now in their 5th year, recognise professional excellence in leasehold reform work.

We were presented with the award at a ceremony held at Quaglinos on 6 June. The whole team were in attendance to accept the prize and we couldn’t have been more thrilled.

The Valuers of the Year accolade is awarded to Valuers who act for leaseholders and/or freeholders in enfranchisement matters, and the judging criteria included depth of applied knowledge and expertise, excellence in client communications, marketing and innovation.

“By winning this highly contended award, our innovative and transparent approach to business has been recognised. We have a free-to-use online lease extension calculator and promote transparency whenever possible,” says Mark Wilson, myleasehold’s Managing Director. “We have had a busy year, and are very glad to see all our hard work paying off. The sector is modernising in both valuation and legal services and we are committed to introducing other products and services as part of the modernising process.”

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myleasehold shortlisted for ‘Valuers of the Year 2013′

ERMAs 2013

myleasehold are delighted to announce that we have been shortlisted in the Enfranchisement and Right to Manage Awards 2013, for the category ‘Valuers of the Year’.

This is the 5th year that these prestigious industry awards are running, but our first time entering and being a finalist. We are very proud to be shortlisted amongst our competitors and wish everyone the best of luck on the night.

The award winners will be announced at the ceremony on 6 June 2013.

You can view all the finalists and categories on the ERMAs website.

 

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myleasehold running free information sessions for Hampstead leasholders

Chartered Surveyors myleasehold ltd in conjunction with HPLP Solicitors will be running a series of introductory information sessions for Hampstead flat owners in the coming months; a beginner’s guide to preserving the value of your leasehold property.

Shorter leases (with less than 100 years unexpired) are increasingly becoming a concern for home owners. But how aware are leasehold flat owners of their rights? Does the lease extension process seem too overwhelming, complicated, expensive and landlord-friendly?

It needn’t be such a daunting process. HPLP and myleasehold ltd are offering free expert advice from their solicitors and valuers who specialise exclusively in this niche area of property valuation and legislation.

Flat owners will have the chance to hear a simplified and easily digestible explanation of the lease extension process, or the steps to take when purchasing a share of the freehold.

The floor will also be open for people to ask questions and get answers specific to their circumstances. Myleasehold ltd and HPLP are here to help solve problems and reassure people of their rights and ability to maintain their asset’s value.

The sessions will be run in two 45 minute slots on a number of Thursday evenings in the coming months. The full details are below.

Cost: FREE
Place: Hampstead Community Centre 78 Hampstead High Street, London NW3 1RE
Dates: 15th March, 29th March, 19th April, 3rd May
Time: 6:30pm – 7:15pm, 7:30pm – 8:15pm

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myleasehold in the news

Last week we were mentioned in an article published in the Manchester Evening News, entitled ‘It Makes Sense To Buy Your Freehold‘.

In the article we discussed how lenders are becoming increasingly reluctant to lend on short leases, which is why shorter leases are problematic to buy and sell. We also mentioned that the cost to extend a lease or buy the freehold of your property is negotiable, which is why we recommend that leaseholders (and freeholders) always take their own independent professional valuation advice.

We find that all too often property owners do not know their rights and end up paying more or receiving less than what they are entitled to.

Mark Wilson, Managing Director of myleasehold, says: “Leaseholders should never be shy to enquire whether the premium proposed by a freeholder is fair and reasonable. The method used to calculate the premium is complex, so home owners should hesitate before they try to negotiate terms without expert advice. Freeholders should receive what they are entitled to, not necessarily what they want.”

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