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Structural survey on leasehold?
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nelson182
Posts: 26 Forumite
Im buying a leasehold property which has been converted from a shop into a ground floor flat. The flat upstairs is there still. My question is. If it is leasehold, then do I need a full structural survey done, or is this structure issue covered by the freeholder? and if so will a homebuyers survey suffice?? 
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no you don't have to have a structural survey, we are buying a leasehold too. we had a survey done but it couldn't be valued because there was a structural prob, the bank then asked for a structural survey but we didn't have to pay for it, it was either covered by the seller or the management co, i received a copy of the lease to go through yd and as far as I'm aware all structural probs will be sorted by the management co. yours may be different but i doubt it.0
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Even if the management company is responsible for the structure of the building if work is done it will charge you a proportion of the cost in the service charge so you still need to know whether the structure is in good condition because this could still involve a financial outlay from your point of view.
Also if you buy a house you can usually (within reason) delay doing repairs until you can afford it, but a management company will decide to do the work when they fancy and charge you accordingly.
Whatever kind of survey you have there will be the problem that the surveyor will not be able to inspect all the building in detail because he probably won't be able to get access to the other flat or flats. So he will inevitably include some disclaimers about this in his report.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
our service charge includes a percentage that goes into a fund for any repairs neededRichard_Webster wrote:Even if the management company is responsible for the structure of the building if work is done it will charge you a proportion of the cost in the service charge so you still need to know whether the structure is in good condition because this could still involve a financial outlay from your point of view.
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Thanks guys, so am I right in saying if the land gave way for example, it would be the freeholders insurers that would pay for my place to be rebuilt?0
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