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staircasing to 100% and still have to pay service charge?
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fletcher1985
Posts: 453 Forumite
Hi guys, well a little bit about me, im in a shared ownership house
which i bought 50% 4 years ago and 2 years ago i staircased to 80% and 2
years later im staircasing to 100% i have my mortage in principle with
santander, and now im just waiting. anyone know how long the process
will take. cant wait to finally own my own home. the housing people
have told me i will still have to pay a service charge because they
maintain my road and all 6 houses have to pay, i always thought if i had the freehold then i wouldnt
have to pay this does anyone know anything about this?
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Comments
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Plenty of people on modern estates (which I assume you live on) pay a service charge even if their property is freehold to pay for maintenance of common areas etc. If you've already staircased before i assume you'll have a better idea than most as to how long it takes."You've been reading SOS when it's just your clock reading 5:05 "4
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well in the current situation and it not really being straight forward re mortagage as i will betaking over the freehold i thought it might be different.
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What does the "current situation" have to do with it? It's normal that if you're on a private road, you pay for its maintenance. Nobody else is going to.fletcher1985 said:well in the current situation and it not really being straight forward re mortagage as i will betaking over the freehold i thought it might be different.
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Are you taking over the freehold? You may own 100%, but it may still be leasehold.0
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the current situation of covid 19 im talking about.davidmcn said:
What does the "current situation" have to do with it? It's normal that if you're on a private road, you pay for its maintenance. Nobody else is going to.fletcher1985 said:well in the current situation and it not really being straight forward re mortagage as i will betaking over the freehold i thought it might be different.
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I think everyone understood that.
The query was why would the Covid 19 situation impact your service charge.1 -
pretty normal, nothing out of the ordinary, if the council doesn't maintain the roads who do you think will?"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
Yes, why would that affect the title conditions which will apply permanently to the house?fletcher1985 said:
the current situation of covid 19 im talking about.davidmcn said:
What does the "current situation" have to do with it? It's normal that if you're on a private road, you pay for its maintenance. Nobody else is going to.fletcher1985 said:well in the current situation and it not really being straight forward re mortagage as i will betaking over the freehold i thought it might be different.0 -
Service charge covers cost of maintaining all communal areas of development if unadopted by the local authority. I presume that these would have been billed seperately to the rent you payed HA so nothing would have changed0
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davidmcn said:
Yes, why would that affect the title conditions which will apply permanently to the house?fletcher1985 said:
the current situation of covid 19 im talking about.davidmcn said:
What does the "current situation" have to do with it? It's normal that if you're on a private road, you pay for its maintenance. Nobody else is going to.fletcher1985 said:well in the current situation and it not really being straight forward re mortagage as i will betaking over the freehold i thought it might be different.
inever said itwould thats two different things.
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