If you own a leasehold property in Hastings, extending your lease is essential for maintaining its value and marketability. This guide breaks down the process, from valuation to negotiation, helping you navigate lease extensions with confidence.

The Lower Thames Crossing has been approved, set to ease congestion and improve travel times. However, for affected landowners, this brings uncertainty. Learn how compulsory purchase orders and land acquisition may impact you and how expert guidance can help.

Extending your lease is an essential process for leaseholders looking to maintain the value of their property. Learn how the 80-year rule impacts lease extensions and why acting early can save you thousands. Understand marriage value and its effect on your property’s lease extension cost

For leaseholders in Tunbridge Wells and Sevenoaks, extending a lease is a crucial financial decision. Whether you're a homeowner looking to protect your investment or a landlord seeking to maintain property value, understanding the costs involved in a lease extension is essential.

The proposed third runway at Heathrow Airport is a major infrastructure project that will significantly impact local homeowners and businesses. If your property falls within the scheme boundary or surrounding areas, you may be affected by compulsory purchase or suffer from property blight. Understanding your rights and available compensation is essential.

Shropshire House and Cheshire House are two 17-storey blocks, comprising 204 homes, located on the Shires Estate in Edmonton, Enfield. Enfield Council is considering a number of options for the future of Cheshire House and Shropshire House in Edmonton, including moving every resident out of the buildings permanently and decommissioning the buildings.

The Gascoigne Estate, located south of Barking Town Centre, is undergoing a major regeneration. Covering approximately 40 hectares, it includes three schools, two nurseries, arts and community facilities, and 1,500 existing homes. This regeneration, one of London's largest, has been progressing over the past decade.

Although something we deal with every day at Olden Property, it surprises most people to learn that in 2024 can have your house forcibly acquired from you in the UK. This can be your home that has been in your family for 100s of years or the buy to let investment you purchased three years ago. It can be a farm with land or a flat in the centre of London.

How long will this Compulsory Purchase Order take? It depends on who you ask but generally the answer is ‘too long’. The following is a broad breakdown of the various stages of a compulsory purchase order.

The compulsory purchase code or compensation code is a term used mainly by CPO practitioners, surveyors and solicitors as a catch all phrase for all of the valuation rules, statues and case law which surrounds compulsory purchase. The truth is, although discussed at length an actual compulsory purchase code has never been created.

Compulsory Purchase is a land assembly tool used by public bodies including local authorities, infrastructure providers and other statutory undertakers throughout the United Kingdom. Any property (apart from one or two exceptions e.g. The Kings property) can be acquired via compulsory purchase.

Marriage Value in relation to property value is defined by the Royal Institution of Chartered Surveyors as "an additional element of value created by the combination of two or more assets or interests where the combined value is more than the sum of the separate values". Or as Aristotle MIGHT have said, “The whole is greater than the sum of its parts”.

Olden Property is 10 years old this year. 1st February to be precise. As we haven’t had time to write out a list of everything we have learned in this time in order to impart our infinite wisdem (don’t worry we will). Instead we will use various indices to find out what the market has done in this time.

When an acquiring authority makes a compulsory purchase order (CPO), the land owner or affected part has a minimum of three weeks (sometimes more) to object to the making of the order. If an objection is received the Secretary of State will order a public inquiry in the CPO.

At Olden Property we can act as an Expert Witness where a property dispute comes before a tribunal. Our expert witness work is generally either concerned with our work in the world of Compulsory Purchase or residential Lease Extension and Freehold Purchase (collective enfranchisement) work

The Leasehold Reform, Housing and Urban Development Act 1993 gives the right for leaseholders of flats acting together to purchase the freehold of their building. On successful completion, the participating leasholders will become the freeholders of the building. This will put them in a position to grant themselves extended leases, commonly 999-year lease terms. Here you will find a quick 13 steps guide to Collective Enfranhisment.

This is a scheme I started working on in 2014. My clients, both owners and occupiers of Property in Woolwich would rather the scheme did not happen but as it has been ‘hanging over them’ for over a decade - they are keen for the scheme to progress giving them certainty so that they can finally move on with their lives. Sadly this certainty is not forthcoming any time soon.

Can you stop a compulsory purchase order?

In short, the answer is ‘yes’ but, to be transparent, in the majority of cases, the compulsory purchase order (CPO) goes through. A CPO is a very difficult process to stop.

Olden Property has recently been instructed by a number of leaseholders affected by the Grahame Park CPO, which is being promoted by the London Borough of Barnet . We have negotiated the sale of leasehold properties on the estate in the past few years where the London Borough of Barnet purchased the Property by agreement.

You will have read a lot recently about the abolition of leaseholds, championed by Secretary of State for Levelling Up, Housing and Communities Michael Gove. What is the current state of these proposed changes?