Service charges are top of leaseholders’ worry list
By Kerfuffle Editorial ·
A survey found that 38.5% of UK leaseholders named service charges as their biggest unexpected cost increase, as the government prepares new protections for flat owners.
Service charges can be a big question mark for flat owners. In a survey of 2,000 UK residential leaseholders, 38.5% said they had been their biggest unexpected cost increase.
The research was commissioned by Justice for Property Rights and conducted by Censuswide, as the government prepares new protections for flat owners. The source does not set out what those protections will include.
For your branch, service charges are worth keeping firmly on the checklist when discussing leasehold flats with buyers and sellers.
Read the full story at Property Soup.