No – This is a free service for all Residential Management Companies. Property Management Companies pay Save My Service Charge a small percentage of the winning tender. We will never ask for your bank details or request funding.
Absolutely not, we will never affiliate with any Property Management Company. We work entirely for you, the Directors of Residential Management Companies.
Most contracts have a 30 – 90-day break clause in them, do not worry about this your new PMC will be experienced in handling changeovers, they will advise you once you have assigned them. Switching Property Management Companies will not cost you a penny, quite the opposite, it will help save money!
We send all our customers a money plant upon switching as a thank you for using our service. Hopefully, your wealth will grow alongside your new ‘Money Plant’.
There are various requirements and restrictions for service charge demands and these fall broadly into two groups: contractual and statutory. Bernie Wales offers a free guide you can download – and learn how to determine what is legal and what is not: https://berniewales.co.uk/legal-service-charge-demand/
Collective enfranchisement is the term used for the statutory procedure that allows groups of qualifying flat owners to buy the freehold of their building. Nockolds have a dedicated team that work in asssiting leaseholders to help aquire their freehold. Nockolds are specialists in their field and have assisted multiple Leaasehodlers in purchasing their freehold. A case study of how they helped the owners of a block in Canary Wharf save money can be found at www.nockolds.co.uk/collective-enfrancisement
There are a number of options open to you. Save My Service Charge offers the opportunity to compare options when searching for a new Managing agent. Home Owners Alliance offer guides to other solutions including purchasing the freehold, this is very tricky in large apartment blocks as you need to get 50% of your neighbours to not only agree but to be able to afford to do so. You may find it easier to apply for the right to manage and appoint your own managing agent. Otherwise, you can ask the freeholder to change the managing agent, or if you believe they are not acting within the rules, go to the first tier property tribunal.
Home Owners Alliance research shows that more than half (54%) of leaseholders say they have encountered problems with their leasehold property and the most common complaints relate to the high cost of works, management fees and a lack of say over major works. Save My Service Charge offers the best and easiest way to change managing agent, however should you wish to read more on leasehold property problems, the Home Owners Alliance outlines practical tips on what you can do to challenge these charges.
To a certain extent yes and particularly for long leases of flats granted (sold) for a market purchase price. Some other forms of leases such as some social housing leases and leases of retirement flats can still include ground rent at present. Nockolds provide a more detialed overview of this at https://www.nockolds.co.uk/goodbye-to-ground-rents/
Many flats and houses suffer from condensation problems but turning the heating up does not eliminate the damp, the mould and the water on the windows. Bernie Wales offers this downloadable Action Plan which details how you can a) eliminate the production of moisture where possible and b) remove moisture from the property over time: https://berniewales.co.uk/condensation-action-plan/
Right of first refusal notices are served by a landlord who wishes to transfer the freehold of or grant another legal interest in a building containing flats offering the qualifying flat tenants the right to purchase that interest. The notices will set out details of the proposed disposal. A majority of the qualifying flat owners will be entitled to accept the offer using a stautory procedure. Nockolds offer a second to none service in the right of refusal transaction.
Waiting to extend could be a risky strategy as there is no guarantee as to when or how the next stage of reform will come into force. It depends on your personal strategy and you should take good legal advice. The Home Owners Alliance legal partners offer a free consultation to discuss your options and quote. To find out more about what is planned you may want to have a read of HOA’s leasehold reforms piece and sign up to HOA newsletter to be alerted when leasehold announcements are made.