Nationwide announced recently that it will not lend on new build residential leasehold properties if the amount of ground rent is more than 0.1% of the purchase price. This change has been introduced by Nationwide in part to protect the marketability of the property from what Nationwide describes as “unreasonable multipliers”, such as ground rents
Monthly Archives: May 2017
Did WannaCry make you want to cry? Real risks for landlords and tenants
As the extent of the damage caused by the recent WannaCry ransomware virus becomes clearer, businesses across the world have been reminded of the critical importance of cyber security measures, and the potential fall-out should those measures prove insufficient or ineffective. The virus worked by encrypting the victims’ data and then demanding payment for its
A new dawn? Revised Telecoms Code receives Royal Asset
In the sweep-up sessions just before Parliament was dissolved earlier this month, the Digital Economy Act 2017 received Royal Assent. The Act, once brought into force, includes a new Electronic Communications Code. What is it and why does it matter? Property owners are often happy to allow telecoms operators to install equipment on otherwise redundant