Short‑Lease Flats and Rising Service Charges: What Building Surveyors Must Flag Beyond the Valuer’s Report
Nearly 40% of leasehold flats in England and Wales now carry service charges that exceed 1% of the property's value — a threshold that triggers lending restrictions at several major mortgage providers [3]. For buyers of short-lease flats, that single statistic reframes the entire risk picture. A valuer's report addresses price. A building surveyor's report […]
Building Surveying for Pre-Purchase Flats: Leasehold Risks, Service Charge Clues, and Hidden Defects Buyers Miss
Nearly 70% of flat buyers in England and Wales purchase leasehold properties without fully understanding the legal and financial obligations attached to them — and a significant proportion skip or downgrade their survey to save a few hundred pounds, only to face repair bills running into tens of thousands. Building surveying for pre-purchase flats is […]
