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What specifically makes a leasehold a problem in this case?
Because the leasholders have to split the costs of remediation work?0 -
Leasehold flats are renowned to have high management fees, which continue to rise every year. Very rarely have I been sent a SC bill lower than expected. leaseholders face punitive ground rents and service charges. You have to share costs such as cleaning and maintenance and other communal areas. If a neighbour fly tips, their costs get past to other LH whilst the management company instruct contractors to clear. You will never own your property, you just lease it. Freehold is your best bet.0
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To be fair, most of that (other than the ground rent) is just a product of owning somewhere which has communal stuff needing to be managed and maintained, not specifically of the tenure being leasehold.Adly812 said:Leasehold flats are renowned to have high management fees, which continue to rise every year. Very rarely have I been sent a SC bill lower than expected. leaseholders face punitive ground rents and service charges. You have to share costs such as cleaning and maintenance and other communal areas. If a neighbour fly tips, their costs get past to other LH whilst the management company instruct contractors to clear. You will never own your property, you just lease it. Freehold is your best bet.0 -
@moolriaz If it is any help, I will shortly be getting two bills for £15k each for two flats to cover fire safety works. The blocks are half the height of yours. There is no external cladding. No wooden balconies. There is just lots of internal work to do. It's taken the freeholder around 3 years from deciding to go ahead to actually getting the work done.
The EWS1 is only part of the picture. You need to see the fire safety report that may specify lots of other work. Also, the freeholder may decide to go well beyond the minimum in the fire safety report.
No reliance should be placed on the above! Absolutely none, do you hear?0 -
It's a flat, pretty much all flats are leasehold (there's a handful of "commonhold").[Deleted User] said:What specifically makes a leasehold a problem in this case?
Because the leasholders have to split the costs of remediation work?
And, yes, you will be paying a proportion of the bill either way. Who else would?0 -
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