Owning your own home

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bq

I take it your management fees have not been contributing to a sinking fund that can fund all these works? In my last flat that's how it was done, whereas in my girlfriend's place she got stung with a huge bill.

(And now we own a freehold house we're paying over 40k for essential works to it anyway. But at least we knew that was necessary and knocked it off the purchase price.)

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Howard in reply to @bq

I take it your management fees have not been contributing to a sinking fund that can fund all these works?

Nope.

In my last flat that's how it was done, whereas in my girlfriend's place she got stung with a huge bill.

I think the 'massive bill' approach is relatively common :)

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