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jonnygee2 Posts: 2,086 Forumite

14 May 2018 at 5:41PM
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The new freeholder is likely to manage things more formally, and they have indicated that a Section 20 consultation will occur (that's for major works, right?) but they don't say what the works will be for as they are apparently still assessing the building.

I would say you need to work out the upper cost of this and then decide if that would be affordable. If you cannot afford a 20k bill in the next few years, do not buy a flat which might create one.

because ultimately perhaps I should just swap the problems of a renter for the problems of a leaseholder and get on the ladder

This is much, much higher risk than the standard leasehold property.

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