The ILA would like to wish all Islington Leaseholders a very Happy Holidays and a wonderful New Year , when it arrives.
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Author: ILAadmin
Islington Leaseholders Association Monthly Meeting
on
Wednesday 13th December 2023
in
Islington Town Hall
at
7pm – 9pm
Agenda includes Service Charges and Major Works Billing
Please bring with you any paperwork you intend to refer to…I.e s20 estimate. Etc.
Hosting the Meet – Dr Brian Potter
All Islington council leaseholders are welcome.
The ILA is the organisation, recognised by the Council, as the body representing some 11,000 leaseholders in the borough.
X (FKA “Twitter”) @ilaorguk
Face Book www.facebook.com/
Please join or renew your membership via our website ww.ila.org.uk where you can obtain the appropriate membership forms from the “Support” tab
With the Leasehold reform bill on its way, its maybe time for Islington council to consider options like this.
Originally written by Jon Dean Thursday, November 1, 2012.
More than £20million could be raised for new homes if Islington Council becomes the first to adopt a pioneering scheme suggested by homeowners.
The plan, thought to be the first of its kind in the country, would see the town hall offer leaseholders a one-off chance to extend their leases by 99 years at a knock-down price.
With around 11,000 people owning former council properties, the initiative could raise in the region of £22million if the price was set at £2,000 as suggested.
The idea is the brainchild of Brian Potter, chairman of the Islington Leaseholders Association (ILA), who contacted Cllr Catherine West, leader of Islington Council, to put forward the proposal.
He said: “The beauty of this idea is that homeowners get security for two generations and can leave their home to their children, while Islington Council get some much needed funds.
“I think they will go for it – I mean, they will definitely want the cash. Other councils are raising money by selling off properties…they’re selling the family silver.
“This way Islington get to keep the silver and make bundles of money by essentially selling cans of air.”
When people buy a former council home, they usually buy a lease for the property for a fixed period, normally 125 years, while the town hall retains the freehold.
When the lease gets down to around 80 years, it can be hard to sell or mortgage the property and extending the lease can be a costly, complicated process.
The cost of extending a lease on home worth £200,000 starts at around £7,500.
Under the proposed scheme the price of extending would be between £1,000 and £3,000 depending on the value of the property.
The council confirmed it was looking into the idea.
Cllr James Murray, Islington Council’s executive member for housing, said: “We are keen to look at new ideas like this, particularly at a time when we continue to face huge cuts to our funding by central government.
Islington Leaseholders Association Monthly Meeting
on
Wednesday 8th November 2023
in
Islington Town Hall
at
7pm – 9pm
Agenda includes Service Charges and Major Works Billing
Please bring with you any paperwork you intend to refer to…I.e s20 estimate. Etc.
Hosting the Meet – Dr Brian Potter
All Islington council leaseholders are welcome.
The ILA is the organisation, recognised by the Council, as the body representing some 11,000 leaseholders in the borough.
X (FKA “Twitter”) @ilaorguk
Face Book www.facebook.com/
Please join or renew your membership via our website ww.ila.org.uk where you can obtain the appropriate membership forms from the “Support” tab
Islington Leaseholders Association Monthly Meeting
on
Wednesday 11th October 2023
in
Islington Town Hall
at
7pm – 9pm
Agenda includes Service Charges and Major Works Billing
Hosting the Meet – Dr Brian Potter
All Islington council leaseholders are welcome.
The ILA is the organisation, recognised by the Council, as the body representing some 11,000 leaseholders in the borough.
X (FKA “Twitter”) @ilaorguk
Face Book www.facebook.com/
Please join or renew your membership via our website ww.ila.org.uk where you can obtain the appropriate membership forms from the “Support” tab
Islington Leaseholders Association Monthly Meeting
on
Wednesday 13th September 2023
in
Islington Town Hall
at
7pm – 9pm
Hosting the Meet – Dr Brian Potter
All Islington council leaseholders are welcome.
The ILA is the organisation, recognised by the Council, as the body representing some 11,000 leaseholders in the borough.
Twitter @ilaorguk
Face Book www.facebook.com/
Please join or renew your membership via our website ww.ila.org.uk where you can obtain the appropriate membership forms from the “Support” tab
Islington Leaseholders Association Monthly Meeting
on
Wednesday 9th August 2023
in
Islington Town Hall
at
7pm – 9pm
Hosting the Meet – Dr Brian Potter
All Islington council leaseholders are welcome.
The ILA is the organisation, recognised by the Council, as the body representing some 11,000 leaseholders in the borough.
Twitter @ilaorguk
Face Book www.facebook.com/
Please join or renew your membership via our website ww.ila.org.uk where you can obtain the appropriate membership forms from the “Support” tab
Islington Leaseholders Association Monthly Meeting
on
Wednesday 12th July 2023
in
Islington Town Hall
at
7pm – 9pm
Hosting the Meet – Dr Brian Potter
All Islington council leaseholders are welcome.
The ILA is the organisation, recognised by the Council, as the body representing some 11,000 leaseholders in the borough.
Twitter @ilaorguk
Face Book www.facebook.com/
Please join or renew your membership via our website ww.ila.org.uk where you can obtain the appropriate membership forms from the “Support” tab
Islington Leaseholders Association Monthly Meeting
on
Wednesday 14th June 2023
in
Islington Town Hall
at
7pm – 9pm
Guest speaker – Mr Nicholas Kissin from LEASE
Hosting the Meet – Dr Brian Potter
All Islington council leaseholders are welcome.
The ILA is the organisation, recognised by the Council, as the body representing some 11,000 leaseholders in the borough.
Twitter @ilaorguk
Face Book www.facebook.com/
Please join or renew your membership via our website ww.ila.org.uk where you can obtain the appropriate membership forms from the “Support” tab
Islington Leaseholders Association Monthly Meeting
on
Wednesday 10th May 2023
in
Islington Town Hall
at
7pm – 9pm
Hosting the Meet – Dr Brian Potter
All Islington council leaseholders are welcome.
The ILA is the organisation, recognised by the Council, as the body representing some 11,000 leaseholders in the borough.
Website www.ila.org.uk
Twitter @ilaorguk
Face Book www.facebook.com/
If you wish to join or renew your membership please contact our website ww.ila.org.uk where you can obtain the appropriate membership forms