Mainstay loses prime Norwich site to right to manage

Nu Centrale in the centre of Norwich opted for right to manage ... and a new manager

The 98-unit NU Centrale in the centre of Norwich has dropped Mainstay and opted to be managed by LKP-registered Norwich Residential Management. The residents had been considering right to manage for more than two years but as 90 per cent of the block is rented out they were making limited progress contacting all the leaseholders. […]

What is LKP?

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The Leasehold Knowledge Partnership exists to protect ordinary leaseholders from being fleeced by landlords and their agents. They exploit the many opportunities offered by this flawed form of property tenure. The LKP seeks to identify and accredit property managing agents who sign up to open accounting and straight dealing. They charge a clear fee for property […]

Seeking stars in the east

What picture emerges from LKP’s tour this week of East Anglia? Apart from Cambridge, leasehold property ownership more resembles the North West than the affluent South East. In Norwich, Ipswich and Bury St Edmunds, most leasehold flats are owned by buy-to-let investors – and so far they have proved pretty wretched investments, down 40-50 per […]