Leasehold, Real estate, Housing market, Money, Property, Business, England, Wales Business | The Guardian
Annual rise of 11% is likely to fuel fresh calls for Labour to accelerate overhaul of scandal-hit leasehold sectorThe average annual service charge for a leasehold flat in England and Wales has jumped by an inflation-busting 11% to £2,300, according to data.The increase – the biggest for at least eight years – means that for many their service charge is their largest household bill after their mortgage, and may fuel fresh calls for the government to accelerate an overhaul of the scandal-hit leasehold sector. Continue reading…
Annual rise of 11% is likely to fuel fresh calls for Labour to accelerate overhaul of scandal-hit leasehold sector
The average annual service charge for a leasehold flat in England and Wales has jumped by an inflation-busting 11% to £2,300, according to data.
The increase – the biggest for at least eight years – means that for many their service charge is their largest household bill after their mortgage, and may fuel fresh calls for the government to accelerate an overhaul of the scandal-hit leasehold sector.
