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Right To Buy council flat - service & repair charges
lowis
Posts: 1,952 Forumite
I am in the process of buying my council flat. Repairs & Renewals costs are fixed for 5 years from the date of the S125 (offer) from the council, after the 5 years you pay proportionally for any work i.e. 60 flats in my block, i pay 1/60th of bills (less 10% discount as I only have a 1 bed flat).
does anyone know if it is possible to extend the 5 year fix period? and/or can another maximum figure be agreed for the next five year period? i will obviously ask my solicitor to look into this once the mortgage is nailed down but wondered if anyone else had any knowledge or even experience of this?
does anyone know if it is possible to extend the 5 year fix period? and/or can another maximum figure be agreed for the next five year period? i will obviously ask my solicitor to look into this once the mortgage is nailed down but wondered if anyone else had any knowledge or even experience of this?
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