Credit crunch: good news for lease holders of UK property
A lease is a wasting asset say Rooks Rider and the fewer years left to run, the more expensive it will be to extend or purchase the freehold. However when property capital values are low it could mean that it will cost you less.
Eighty years is the threshhold where it is vital to take action say Rooks Rider particularly if the property has to be moved within a trust where there may be delays. Also if a landlord is not performing then buying the freehold will allow owners to take control of the building and to grant your own lease.
Contact their Wealth Planning Team
www.rooksrider.co.uk
Rooks Rider
Challoner House
19 Clerkenwell Close
London EC1R 0RR
Tel: +44 (0) 20 7689 7000
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Toby Atkinson, partner in the divorce and family department at Stewarts Law, also says volatility is making life difficult for valuers to assess asset prices.Valerie Austin, socialite, reporting from South Florida
I was invited to some friends, big developers, who decided to find new avenues to make money. Their spectacular mansion now holds parties for networking. Filled with the wealthy who are hurting from the economy and looking at a new multi level shopping on line idea called ‘Shop to Ear