If the eight grand isn't coming out of the sinking fund, run a fucking mile.
Next thing that will happen is that they'll be redecorating the internals and putting new carpet down etc. I sold my flat 12 months before the freeholder decided to do a major renovation internally which would have cost me (I.e each flat) about 3 grand. I'd also be a bit worried about the service charge. It's likely to be at that level because the building has a poor claims history and is subject to a high excess - check it all out very carefully. The water ingress excess in my old block went from 750 quid to 2000 per claim in the space of 4 years ! Service charge when I sold was 2500 quid and it spiked 10pc just as I left. Fuck that shit.
If the eight grand isn't coming out of the sinking fund, run a fucking mile.
Next thing that will happen is that they'll be redecorating the internals and putting new carpet down etc. I sold my flat 12 months before the freeholder decided to do a major renovation internally which would have cost me (I.e each flat) about 3 grand. I'd also be a bit worried about the service charge. It's likely to be at that level because the building has a poor claims history and is subject to a high excess - check it all out very carefully. The water ingress excess in my old block went from 750 quid to 2000 per claim in the space of 4 years ! Service charge when I sold was 2500 quid and it spiked 10pc just as I left. Fuck that shit.