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U.K. Pragma member Bishop & Sewell LLP has featured in news broadcasts about Leaseholds in England and Wales

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Published: 15/09/17 - Country: United Kingdom

Properties in the UK are somewhat unique in that in relation to residential flats, these are held on leases.

Other parts of the world that adopt the common law legal system have found other ways of dealing with the co-ownership of shared property structures.

However, leasehold remains a feature of property in England and Wales. PRAGMA members Bishop and Sewell are particular experts in this area.

‘Leasehold’ in this context means a long residential leasehold interest ‘the lease typically of originally 99 or 125 years’ which is generally speaking the only way in which flats or apartments can be owned.

There has recently being a degree of press interest and some controversy concerning the level of ground rent (a regular payment of a normally small sum of money) that is made to the owner of the underlying property interest in the building or development. Mark Chick of member firm Bishop and Sewell recently commented in the press and on ITN. A link to this appears below:-

If you are proposing to purchase  UK property interest and/or have clients who are interested in residential property within the UK it is important to be aware of these issues. Bishop and Sewell LLP are leading practitioners in this area and can assist further in this area. Further details and commentary on this issue can be found on our website.

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Bishop & Sewell LLP's picture

Each of our clients receives legal services tailored to their particular needs and delivered in a practical and highly responsive manner. We pride ourselves on exceeding our clients expectations. We provide advice and assistance of the highest calibre, but which is also accessible and which always keeps in mind commercial realities. This ensures we help our clients – whether individuals or businesses – navigate their legal issues effectively and achieve the very best possible outcomes.

The firm has steadily expanded over the years. As well as serving clients in the local area, London and the South East, we are increasingly instructed by those further afield: nationwide and internationally.

We continue to attract a wide variety of clients from all walks of life, representative of various industries, the financial sector and the professions. Our practice areas are expanding, supporting a growing private and commercial client base.

Now based in Russell Square in Central London, our offices are readily accessible and well-served by public transport and parking. Individuals and families form the backbone of our client base, alongside entrepreneurs, investors, property developers and landlords. Our business clients include private and quoted mid-market companies and financial institutions.

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