Commonhold

The documents required include: a statement summarising the terms of sale; evidence of title deeds; standard searches such as local authority enquiries, drainage and water searches; energy performance certificate; leasehold information where appropriate; commonhold information where necessary; a new homes warranty; and a home condition report. ❋ Thatsnews (2007)

However, there are still only a couple of hundred commonhold flats in Britain because the leasehold system offers far greater returns to landlords. ❋ Nigel Wilkins (2010)

Yet, in reality, commonhold is proving to be a dismally complex struggle often doomed to failure as legal complications, and vested property interests delay progress. ❋ Unknown (2009)

However, don't pin your hopes on commonhold status as an instant salvation, because an even more perilous path could lie ahead. ❋ Unknown (2009)

"To transfer a block [of flats] from leasehold to commonhold requires the consent of all parties with an interest in the block - the freeholder, all the leaseholders, and all their mortgage lenders," says Nigel Wilkins of the Campaign to Abolish Residential Leasehold. ❋ Unknown (2009)

Lease, a Government-funded leasehold advisory service for the public, recently admitted that commonhold "take-up [by individuals] appears to remain limited" and that it had received ❋ Unknown (2009)