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Buying a council flat
bouicca21
Posts: 6,776 Forumite
In the area daughter is looking at there are several low rise brick blocks of council flats. These are subject to a pfi refurbishment plan that lasts 20 years and for which the costs to owners are capped at £10,000 in any 5 year period. The estate once had a bad reputation but that seems to be in the past. The flats are spacious and internally are way better than what is available otherwise.
How can one find out:
the proportion of council tenants to ownership;
what has been done and what remains to be done under the reurbishment plan.
Presumably for tenants the refurbishment will include things like updating kitchens etc but that wouldn't apply to owners, so how do they split the costs between what is payable by the council and what is payable by an owner?
How can one find out:
the proportion of council tenants to ownership;
what has been done and what remains to be done under the reurbishment plan.
Presumably for tenants the refurbishment will include things like updating kitchens etc but that wouldn't apply to owners, so how do they split the costs between what is payable by the council and what is payable by an owner?
0
Comments
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So £40k over 20 years for external repairs. Is that going to be a problem at any point in the future?
You need to get it all in writing what the 10k chunks are going towards.
What are service charges?0
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