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Excessive? RMG Charges on buying existing property in 2008
RichXTuta
Posts: 9 Forumite
Hi,
I am very close to signing the contract for a property which has all been agreed except these charges which have shown up on my contract to be signed. Is it normal to have charges such as these? It is a property built in 2008 and I am buying it as a freehold. It is on a relatively new development which is managed by both RMG and The Land Trust.
My question is, are these charges reasonable, and are they normal in a purchase such as this. I understand there is a yearly maintenance charge, but I believe the costs here to be excessive?
Thanks.
"Service Charge Apportionment - Land Trust - 150.00 - Estimate"
"Certificate of Compliance Fee - RMG - 92.23"
"Notice of Transfer Fee - RMG - 96.43"
"Notice of Charge Fee - RMG - 96.43"
"Service Charge Apportionment - RMG - 150.00 - Estimate"
"Membership Certificate - RMG - 48.20"
I am very close to signing the contract for a property which has all been agreed except these charges which have shown up on my contract to be signed. Is it normal to have charges such as these? It is a property built in 2008 and I am buying it as a freehold. It is on a relatively new development which is managed by both RMG and The Land Trust.
My question is, are these charges reasonable, and are they normal in a purchase such as this. I understand there is a yearly maintenance charge, but I believe the costs here to be excessive?
Thanks.
"Service Charge Apportionment - Land Trust - 150.00 - Estimate"
"Certificate of Compliance Fee - RMG - 92.23"
"Notice of Transfer Fee - RMG - 96.43"
"Notice of Charge Fee - RMG - 96.43"
"Service Charge Apportionment - RMG - 150.00 - Estimate"
"Membership Certificate - RMG - 48.20"
0
Comments
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Most of it's one-off, and though frustrating, there's not much you can do about it - £333 in one-off costs is annoyingly high, but not taking the !!!! high. You'll want to check what the actual service charges have been in recent years, though, if £300 is just an estimate.0
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All of this I believe is just to get me the property. The yearly service charge is approximately £195.0
This discussion has been closed.
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