We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Management companies
Options
marksmen10
Posts: 18 Forumite
Hi I am currently selling my property that has a service charge attached via a management company. I have been asked for £430 just for a management pack as part of the conveyancing. Is it definitely my responsibility as a seller to pay this fee or should it be the buyers responsibility if they want the management pack ? Many thanks Mark.
0
Comments
-
Its all a negotiation... our seller paid the fees as we refused to and they didnt want us to walk away0
-
I think it is usually the seller, at least the last couple of times I have bought it was the seller who paid for this0
-
Seller usually provides the sales pack - and if the buyer is borrowing to make the purchase they won't be able to proceed until you provide that, either.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
The seller pays for the pack. Management companies can be slow to provide it, so the quicker it's paid for, the quicker the transaction can progress. Bear in mind though that some of the information provided in the pack becomes 'out-of-date' after six months so if the transaction takes a long time, or you have to start again with a new buyer, you may be asked to provide an updated pack.0
-
You may require more than one management pack.
Do you pay seperate companies for your service charge (management company)/ground rent (freeholder or there designated management company) to.
£430 seems steep but i dont think its regulate so they can charge what they like.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards