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questions for buying property
Comments
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I find flats that charge £170-180pcm service charges! is this normal? that means a whole salary will go for service charges per year! are they serious? is there a protection from this?
Someone on £2160pa would, however, struggle to get a mortgage in the first placeGather ye rosebuds while ye may0 -
I mean a whole monthly salary....0
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Service charges vary, as does who sets them.
In a small development where the flat-owners each have a share of the freehold, they may well set their own service charge, and possibly do some routine tasks like cleaning the stairs themselves.
More likely though, the Freeholder and the Managing Agent are both commercial companies, and Service Charges can be large. There is protection by way of the Leasehold Valuation Tribunal. However the sting in the tail is that if an appeal is made by residents, and it fails, then the residents bear the Managing Agents/Freeholders costs.
In a typical development, the £150-200 per month pays for cleaning of the communal areas, gardening and buildings insurance. It's not great value for money, but flats are cheaper than houses...0 -
I wish flats where cheaper than houses... they are only 10-20k cheaper, an amount that you pay in service charges in less than 10 years!0
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we are paying for huge salaries of sales executives, marketing managers, and all this debris, that's why the house prices and service costs are through the roof0
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I am wondering why service charges are so expensive, so can you tell me please how much home insurance a 2 bedroom house in Romford could pay minimum, and how much are the utility bills (cheapest companies) monthly for a couple living? because, if you pay £50 per month for electricity, it is very unfair to charge you £150 for service charges.0
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Have you thought about contacting a couple of Estate Agents in the Romford area?0
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yes, I am in contact with one0
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have you thought about using insurance quote comparison websites to find real prices or, perish the novelty, even perhaps rightmove to find real properties, but no, that would mean the end of this thread and the need for you to start a new thread on another nonsense topic0
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