BoS activity-Valuing Flats, Maisonettes, and Flying Freeholds

Activity

Begin exploring the Bank of Sava guidance document 1. Download the guidance document2. Identify the information that applies to the following areas:

Flying freeholds.

Open Deck and Secure Deck access.

Common parts internally and externally.

Open deck and secure desk access

Open deck access is unacceptable. Secure deck access MAY be considered where both the stairwell and deck are secure and non-resident access is not possible.

Open deck and secure deck access

Open deck access is unacceptable.Secure deck access MAY be considered where both the stairwell and deck are secure and non-resident access is not possible.

Common parts internally and externally

Evidence of effective management /common part maintenance is vital. A check of common parts internally and externally should be undertaken. If such maintenance is poor and major repairs are necessary, the property must be declined, even if the subject flat itself is in good order internally.

Common parts internally and externally

Evidence of effective management /common part maintenance is vital. A check of common parts internally and externally should be undertaken. If such maintenance is poor and major repairs are necessary, the property must be declined, even if the subject flat itself is in good order internally.

Partial flying freehold

100% flying freeholds are not acceptable. Where there is a partial flying freehold it should be requested that there are mutually enforceable covenants for support and maintenance.

Partial flying freehold

100% flying freeholds are not acceptable. Where there is a partial flying freehold it should be requested that there are mutually enforceable covenants for support and maintenance.