TPP587: How to avoid a leasehold nightmare
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 13 June 2024
⏱️ 23 minutes
🧾️ Download transcript
Summary
The most frequent questions we receive are about leaseholds, and given they make up around 40% of the property market it’s crucial for every investor to understand them. Tune in as Rob & Rob deep dive into the topic, discussing the pros and cons of leasehold vs freehold, shedding light on ground rents and service charges, and bringing you up to speed with the latest changes from the Leasehold Reform Bill.
- (0:58) News story of the week
- (3:27) Let’s talk about leaseholds…
- (4:25) What actually is a leasehold?
- (6:06) The pros and cons of leasehold vs freehold
- (7:01) How about ground rent?
- (9:50) Details on the Leasehold Reform Bill
- (12:40) What about service charges?
- (21:37) Hub Extra
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Transcript
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| 0:00.0 | Hey everyone it's Rob B here with Rob D and you are listening to the Property |
| 0:05.8 | podcast now through the Sunday Times and ask Rob and Rob the questions that we get |
| 0:10.7 | asked the most are always around Leeshold. |
| 0:14.0 | So, this week we've got you completely covered. |
| 0:18.0 | We're going to deep dive into Leesholds, the pros, the cons, and the things that you probably don't know and realize. |
| 0:24.4 | It's all in this episode. |
| 0:25.6 | Welcome to the Property Podcast. Thank you for joining us. If you don't know, we buy |
| 0:35.2 | over a hundred million pounds of property for our clients every year. |
| 0:37.8 | Property Hub. Net slash Invest is a place to find out about that. |
| 0:40.8 | And on this show we like to bring you everything you need to know to be a successful property investor. |
| 0:44.8 | And that involves understanding leasehold. You can't write leasehold off. |
| 0:48.7 | 40% of all properties in the country are leasehold. So it's something you need to know about and there have been some major |
| 0:53.8 | major changes in this area recently. So stick around and we'll tell you all about it. |
| 0:58.4 | It's time for our news story of the week now and you may be expecting a market update episode this week and rightly so because this is what we promised and this is what we normally deliver at this time of the month |
| 1:07.8 | But as we're in the run up to the election now we wanted to delay the market update by another week So we can bring you even more analysis of what is happening with the election and what it means to you as a property investor. |
| 1:21.0 | But that doesn't mean the rest of the world isn't ticking along and other things are happening in the market. |
| 1:25.5 | Rob, we always have House Price reports. They are continued to be published even during an election season. |
| 1:31.3 | And last week we reported that nationwide had |
| 1:33.9 | reported growth of 0.4 in the last month so that's quite positive after a couple of |
| 1:39.2 | months of falls very modest falls but overall nationwide house prices are up this year by a small amount. |
| 1:46.0 | But Halifax have released their data and it's painting a slightly different picture. |
| 1:51.0 | Yeah, house prices are up down and flat over the last month. |
... |
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