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Leasehold Charges – What to know before you buy

Buying a leasehold flat or house? Then you need to be aware of the different on-going costs and charges involved before you buy. Our handy guide sets out the questions you need to ask so you know exactly what you're buying into.

leasehold charges what to know before you buy

Buying a home is the biggest financial transaction of your life. There is pulling together the cash for a deposit, mortgage set up fees, conveyancing fees, stamp duty, moving costs. The list goes on. But it doesn’t stop there. When you move in there are ongoing costs involved and when you buy a leasehold property those costs are often out of your control.

What are the main charges I’ll have to pay?

Click on the guide below to read about the three main types of charges and what they are for, when they apply, what are reasonable fees and how to dispute unreasonable fees.

leaseholders guide to lease administration charges


Leave a comment (2)* Required

  1. Georgina BrittonGeorgina Britton

    We are looking for some advice regarding our residential lease. We own a leasehold flat in London. Our freeholder is proving to be particularly difficult and given that we are currently renovating the flat we want to feel confident in what we can and cannot do without permission. We want to have our lease formally read and analysed to ensure that we do not breach the lease in any way. We also wish to check on the works that we have already carried out. Are you able to recommend the best process for this?

  2. Nichola ScottNichola Scott

    I am currently in the process of buying a flat. I am a first time buyer and finding the process quite overwhelming with so much new jargon and processes to be aware of. Now with covid-19 I am wondering if it is wise to continue or wait for governance guidance on the matter, if any guidance is coming? Any advice would be appreciated

 
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