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reginekierkegaard

New builds' Service charges

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We are thinking of purchasing a new build home from a reputable builder. We have been told that the houses are 'freehold' but yet there are management and estate charges (two separate charges). Although the quote they gave us was relatively modest at £289 per year, it does go up with inflation over time - they said it would track the Retail price index (pricier than the CPI in most instances). We are concerned that this would affected the resale value and how much the management fee would go up over time. We left that development and tried our luck in the others. We found that almost all of the new builders has similar scheme - this includes Persimmon, Taylor Wimpy and David Wilson, to name the few. 

Does anyone in here has experience living in a new build, paying for 'service charges'?  

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  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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