Buying a leasehold flat; how to avoid the problems with high service charges or costly repair bills.
What to look for when you're buying a leasehold flat; how to avoid large repair or service charges.
Have you ever read a lease? If you haven’t, you’re not alone. Every year thousands of people buy leasehold flats without having much idea of what they’re letting themselves in for. In many parts of England and Wales, if you want to buy a flat, the only option is to buy one that’s leasehold. The lease is the legal contract you sign up to when you buy but many people don't see a copy of theirs until after they've bought the property.
RBS has been fined almost £15 million for failures in its mortgage sales
RBS has failed to deal with 30,000 mortgage sales properly between 2011 and March 2013
RBS bank has been fined. Again. This time it's for failing to sell mortgages properly. The regulator, the Financial Conduct Authority (FCA) checked how RBS was doing and found that only two of the 164 sales it checked were done properly. Two out of 164. That's about 1%. RBS has been fined almost £15 million and says it will contact 30,000 customers who may get compensation.
Dealing with disputes with your neighbour; how to resolve disputes with your neighbours with minimal cost.
If you fall out with your neighbour, it’s not just the emotional consequences you will have to deal with. If you resort to court action, it could cost thousands of pounds.
Research by a high street bank shows that over 90,000 people sell up because they don’t like the neighbours area. While neighbourhood disputes can start over something relatively trivial they can easily escalate. Towering Leylandii hedges caused so many problems a few years ago that the government introduced new rules so that local authorities can intervene if necessary. You may feel your neighbour is being completely unreasonable, but think twice before you head to the courts.