Management company asking for 3 years advance service charge to allow the purchase?
12:16 AM, 19th January 2024, 3 years ago
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Hello everyone, A friend of mine buying a flat and he is also a non-Uk national.
The Management company of the block he is buying the flat in is asking for 3 years advance service charge on top of the regular service payments to permit the purchase.
Is it normal practice on leasehold flats for non-UK nationals?
It’s in the Chelsea area and three years service charge is a large amount.
They say they will return it after three years if the regular service charge payments are made on time.
If anyone has any experience of this I would be very grateful.
Vardan
Tags:
leasehold pruchase by foreign national, leaseholder service charges, service charge, service charge payments
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