Owning your own home

Ah ok, so I think I've gathered there's three flats. If this is the case, have you asked your solicitor why a management company is needed? Three is a perfectly manageable number to not bother with a management company and just meet up over a glass of vino every so often. I used to rent a place in Muswell Hill which was three flats in an old Edwardian house and that was how they did it, they never had any problems.

As you said yourself, you want a flat, you don't want to run a management company. The question I would be asking your solicitor is do you really have to? And if yes, why? Who says?

I don't know why a management company is needed. The seller doesn't seem to want to budge on that. I don't want the hassle of running it. But I think that my solicitor's main concern is people not pulling their weight and the flat becoming unsellable. I don't kow if I'm working myself into a stress over nothing over that - others seem to have been in this situation without problem. Although I suspect there are horror stories.

I need to tell people one way or the other today.