Leasehold - £900 / 9 years Ground Rent Back Charge

deFoix

ooSTEVEoo wrote: »

As it turns out today was a bad day anyway as the buyer of my flat pulled out anyway after 3 months citing other issues with the lease. Mainly the high cost of the ground rent.
Thanks for the replies.

Sorry to hear that. This is one thing that really does make my blood boil though. Since the ground rent and other service charges along with the time left on the lease are instrumental to the fair valuation of the property it is utterly despicable that estate agents don't provide this information clearly upfront when advertising properties.

I understand why they don't but they should be forced to by the law or buyers should collectively demand this information at the outset.

When I was looking there were many times I really was close to hitting the estate agent for wasting my time dragging me out to view a property only to tell me at a later date that there was only XX years left on the lease.

Imagine advertising the sale of a car without mentioning the mileage! :mad:

Most estate agents really are scum.

csgohan4

would the service charge details be in the land registry titles which you can get for £3?

Lioness_Twinkletoes

csgohan4 wrote: »

would the service charge details be in the land registry titles which you can get for £3?

No, they're not.

strondy

Hi there - sorry to go slightly off piste, but we're currently in the process of getting rid of our managing agent and procuring the Right to Manage. You mentioned you appointed a new managing agent - do you have any recommendations in London?