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Why don't flat listings always have lease info and service charge fees in the rightmove advert? Surely it's a massive factor that can help buyers disregard certain properties without having to email the estate agent.
Works in the agent's favour - they get a lead if you contact them. If you just go to a listing, look, then leave, the agent gets nothing.
Would a service charge typically be fixed and escalate annually for a flat in a larger old house?
As above, the SC pays for the day to day needs of the place and the cost of administration. A lot of it is insurance. There might be a sink fund for big items like a new roof. As things get more expensive over time, SCs slowly go up over time. SCs don't always pay for big items, so if there is no sink fund, when the time comes to replace the roof, it's going to hit your pocket.
There are huge issues around service charges and larger works and the system is not supportive of the people who pay for them that have been written about at length on this thread. Beware.
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Howard
Why don't flat listings always have lease info and service charge fees in the rightmove advert? Surely it's a massive factor that can help buyers disregard certain properties without having to email the estate agent. From what I've researched into flats, balance of 999 years seems pretty common in the South West but hardly any info on service charge. Would a service charge typically be fixed and escalate annually for a flat in a larger old house?