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.

Continue reading…Leasehold, Real estate, Housing market, Money, Property, Business, England, WalesRead More

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