LMP Law have systems and techniques to track down absent leaseholders and ensure quick settlement – with or without a mortgage lender.
Overseas investment is ever increasing in the UK property market and there is normally a certain % of Buy To Let leaseholders in every development. Unfortunately, this can often mean that payment of ground rent and/or service charges becomes sporadic, left in someone else’s hands to deal with or simply forgotten about.
This leaves Landlords, Management Companies and Agents in difficulty when trying to maintain developments and can easily cause cash flow issues.
There can be uncertainty about proceeding and queries about whether the demands have been properly served and received.
There is no need to worry as LMP Law can take action on your behalf and make sure that you recover the arrears quickly or move to the next stage. We will also provide you with any new contact details or addresses that we locate so that your data can be updated.
LMP has a swift system in place allowing claims to be served out of jurisdiction (where applicable) and in our experience 9 times out of 10 once communication is actually made with the absent leaseholder settlement can be secured.
We would love to help you with your arrears collection.