Property News · October 15, 2016

Older leaseholders who fought for right to manage their block – and won


Residents at a sheltered housing complex have slashed their annual service charges from £2,500 to £1,600 by taking controlIt was party time for a group of elderly leaseholders in Berkshire last month. After years of paying high charges imposed by one of the UK’s most controversial property management firms, the residents have finally gained the right to manage (RTM) their own homes.Now the happy controllers of their own block, the annual service charge on a two-bed flat has dropped from £2,558 to £1,652, while they also feel they’re getting better value for each pound spent. Continue reading…

Source : theguardian.com
Read more…Older leaseholders who fought for right to manage their block – and won

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