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 ownersWhen 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...
‘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...
