Industry comment, updates and news from the Websters team.

Service charges are putting thousands of homebuyers at risk

Wednesday, April 4th, 2012 in Landlord, Managing Agent, News, Residential, Service Charge

Ruth Lythe reports in This Is Money that soaring service charges could leave thousands of families seduced by government-backed property schemes at risk of losing their homes.  A Money Mail investigation has uncovered how buyers of new-build homes are at the mercy of ruthless property management firms that hike service charges for the upkeep of shared areas at blocks of flats.  This can leave buyers struggling to cope with monthly bills and hinder them from saving up to buy a bigger stake in their property.

Read the full article here

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