News
Service Charges- Your Rights and Obligations
Were you aware that as from October 2007 a summary of rights and obligations in relation to leasehold properties must accompany your service charge invoice.
Section 153 of the Commonhold & Leasehold Reform Act 2002 came into effect from that date and all service charge invoices relating to payments due on or after the 1st October 2007 must be accompanied by a summary of your legal rights.
Rent or Buy?
Due to the mortgage drought and first time buyers failing to find the thousands of pounds needed to secure any of the UK mortgages, rental properties are in high demand.
A much greater demand for residential rental properties are being made compared to the amount available, causing rental costs to soar.
Organisations are calling for the government to relax the buy to let restrictions so that a steady flow of properties can be made available to those in need.
A report has been made from a property specialist recently, highlighting that it is now much cheaper to become a homeowner than it is to rent. The only problem is the massive deposits required.
