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Service charges.

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Comments

  • Oh-no_3
    Oh-no_3 Posts: 14 Forumite
    Depends on how old the flat is, how frequently it is maintained etc but the big problem is that they could go up a great deal in the future and you can't do much except sell (and high service fees will affect the price). I do worry about these future pensioners who will be paying unknown service charges in 30 years' time.
  • VeryMan
    VeryMan Posts: 279 Forumite
    if I buy-to-let, who is going to pay the service charge? me or the tenant?
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    VeryMan wrote: »
    if I buy-to-let, who is going to pay the service charge? me or the tenant?

    You, factor it into your buisness plan, you have one I'm sure
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    VeryMan wrote: »
    why no conversion?

    I am not a fan of conversions, sound proofing is often inadequate. Self management of small conversions are sometimes a problem.
  • westv
    westv Posts: 6,512 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 12 May 2016 at 9:36PM
    £85 a month in the flat I lived in.
    That covered:-
    buildings insurance
    window cleaning
    gardening
    lighting for communal areas
    decorating for common parts when needed
    cleaning of communal areas
    management company fee
    sinking fund
    day to day maintenance
This discussion has been closed.
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