New developments of leasehold flats have become extremely complex to set up and manage. For example, in the current economic climate we are seeing a drop in the number of buy-to-let mortgages whilst there is a huge increase in the number of shared ownership properties. The differing needs of potential purchasers means that the managing agent has a key role to play in the success of any new development. This is true both at the selling stage and for years afterwards. Involving a professional managing agent, from day one of the planning, will pay dividends in the longer term.
BPM Ltd has over 15 years of experience with a number of developers and we understand the difficulties developers face when it comes to establishing effective resident management schemes. Whatever the scenario, we will have seen it and dealt with it before. Involving us as partners in the initial stages by setting up realistic budgets and advising of Fire regulation and Health & Safety report costs will save problems of compliance in the longer term.