New flats in England and Wales may soon all be commonhold. But what does it mean?

New flats in England and Wales may soon all be commonhold. But what does it mean?

‘It’s very hands-on,’ say neighbours in a commonhold Bristol block set up 15 years ago and managed by the flat owners

When neighbours Ele Weeks-Bell and Maggie Coles were setting up their commonhold flats 15 years ago, they struggled to find a lawyer who could help them.

“We were trying to find solicitors that knew anything about commonhold and getting a blank every time,” said Weeks-Bell. “And most mortgage companies were just like, no one has ever done this before, so we’re not prepared to mortgage you, because it’s a huge risk.”

Continue reading…   

​ 


Discover more from Stay Updated Finance News

Subscribe to get the latest posts sent to your email.

Author: admin

Leave a Reply