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Misinformed about service charge :(
Comments
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need_an_answer wrote: »so what has been the estate agents response to your complaint in writing to them in connection with the incorrect information they have supplied you?
It was yesterday when my solicitor let me know how much the service charge is. I haven't spoken to EA yet and I'm still thinking what I should tell them. I will not pull out.Did the EA make a mistake?
Or did they pass on the information they were given by the vendor?
It does not matter at all. For me the outcome is the same. It is their business to establish which of them fuked up.verybigchris wrote: »I'm late to this thread, but most posters here are MASSIVELY underestimating the value of that extra £400 in perpetuity.
Thank you!- it's not in perpetuity.
How come it is not perpetuity?0 -
OP needs to grow the proverbial b@lls and renegotiate if it's such a deal breaker.0
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ilikepancakes wrote: »It was yesterday when my solicitor let me know how much the service charge is. I haven't spoken to EA yet and I'm still thinking what I should tell them. I will not pull out.
It does not matter at all. For me the outcome is the same. It is their business to establish which of them fuked up.
Thank you!
How come it is not perpetuity?
Because in perpetuity in effect means forever, this is for the duration of the lease - which is 103 years0 -
ilikepancakes wrote: »Are you condoning EA/Seller altitude then?
Abso-bleeping-lutely. My posting history will confirm [URL="https://forums.moneysavingexpert.com/discussion/6031033opinion of EAs[/URL]; I can't remember the last time I "defended" one, if that is even what I am doing. You really need to get a grip, OP. Heaven forfend you ever buy a property here in England (for all our sakes!) where the laws are much worse than those of Scotland...
To save the bother of looking at that link, here is my favourite bit of it (what I wrote
)
God and the devil are having a boundary dispute. God is getting more and more worked up while the devil just laughs at him. Eventually, God storms off in a huff yelling over his shoulder, "I'm gonna call my lawyer and my EA" to which the devil, who is by now nearly peeing himself, retorts, "Where are you gonna find a lawyer or EA on your side?"0 -
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OP quite frankly if you are unhappy about the situation you are in you really need to consider if leasehold property is for you in the long term.
you will find you are never in control of the spending the way you want to be and will end up challenging everything going forward.
Seriously save until you can afford freehold in your desired area.in S 38 T 2 F 50
out S 36 T 9 F 24 FF 4
2017-32 2018 -33 2019 -21 2020 -5 2021 -4 20220 -
No, it really isn't.ilikepancakes wrote: »It does not matter at all. For me the outcome is the same. It is their business to establish which of them fuked up.
It was your solicitors job to establish the true facts which they have done successfully. You don't currently have a contract with the vendor or the EA so they owe you nothing.0 -
No, it really isn't.
It was your solicitors job to establish the true facts which they have done successfully. You don't currently have a contract with the vendor or the EA so they owe you nothing.
That's fine, they owe me nothing but I owe them nothing as well.
But for some reason I think they would blame me if I pull out or ask for reduction, do you agree?0 -
ilikepancakes wrote: »Ahh OK, then I will be paying £400 more for next 109 years
What a terrifying thought! So you plan to live until you are at least 127 years old, do you? To precisely what species do you belong, OP? If you are, in fact, from another planet wherein this lifespan is accounted normal, it would explain a great deal...
https://www.youtube.com/watch?v=RFr2tFLZom40 -
Because in perpetuity in effect means forever, this is for the duration of the lease - which is 103 years
So they'd get back the £26,667 in 103 years, giving it a Net Present Value of around £1,260 (assuming 3% inflation), meaning they still need to drop the price by £25k in order to be back where they thought they were.0
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