Unlike freehold property, the value of leasehold residential property actually falls with the passage of time as the lease term reduces. This issue becomes increasingly pertinent as the lease term becomes shorter, as it becomes much more expensive to extend the lease when there are 80 years or less left to run on the lease. In addition, most mortgage lenders will not consider lending on a property with less than 80 years left on the term, as such this will have an obvious ne

This is a question that we are asked quite often by building owners who are first looking into the implications of the Party Wall Act. The simple answer is YES you can, and you can even download templates of the various notices here, but please be careful as there can be costly consequences of getting it wrong. If you serve the wrong type of notice, or if the information within the notice is incorrect you can leave yourself open to delays in your project or additional legal