Thank goodness sense has prevailed and the Government has withdrawn its ridiculous attempt to take the non-executives overseeing Carillion to court for alleged failures. Carillion failed ignominiously and it was no-one’s finest hour, so it was right that serious questions were asked about how that could happen, but it is a travesty that non-executives should […]
This article has been written by Linz Darlington, managing director of Homehold which offer an end-to-end lease extension service with integrated lease extension solicitors. The Leasehold and Freehold Reform Bill is making quick progress through parliament. Since being announced in the King’s Speech on 7 November, it’s had its first two readings in the Commons and […]
I read with interest the recent article suggesting that paying “marriage value” to freeholders was unfair to leaseholders when enfranchising their flats. It is a ridiculous and self-serving argument. The author’s thesis ignores the inconvenient truth that a leaseholder does not own the land upon which the leasehold interest has been created. And more than […]
The last few years haven’t been kind to the UK stock market and the FTSE 250, much like the FTSE 100, has fallen out of favour with all but the hardiest and most dedicated (or stubborn) UK investors. Perhaps now is indeed the time to throw in the towel, sell everything UK-related and move the […]
The UK economy grew by 0.3% in November, yet the prevailing money supply indicators strongly suggest an impending recession in 2024. A decline in M4x of over £3b. during the month, has resulted in both annual and annualised quarterly growth rates persisting in negative territory. The demand for new bank credit continues to be lacklustre […]
The recent return of violence to Lebanon derails hope that the worst of the crises that have plagued the country over the past four years have been left behind. After a spiral of hyperinflation, debt default and crumbling public services, modest signs of economic recovery from one of the “most severe crisis episodes [seen] globally since […]
The clean page optimism of a New Year in France. In the unwritten codes of French social behaviour, the giving and receiving of les voeux is much more meaningful than the cursory “Happy New Year” (or even HNY) of English culture. Instead, wishing people health, wealth and happiness here can sometimes feel more like a solemn vow […]
It is one of the most “identified” structural failings of the UK economy. A shortcoming, we are told, that lies at the core of why the UK will see no growth next year, and indeed more generally, why the British economy is the basket case of the globe’s leading economic actors. Of course, the matter […]
Well, what a difference a year makes! Certainly when it comes to RICS Redbook valuations! Valuations are down almost across the board as valuers have adjusted to the new normal of higher interest rates, lower availability of debt, and a consequent increase in the cost of capital. It’s sad to say it but not everything […]
If you own a flat with a short lease, whatever it is worth now it will jump up in value if you ever extend the lease. On paper at least, you should make a profit. If your lease has fewer than 80 years remaining at the point you extend it, you must share half of […]
