The Property Podcast

ASK328: Should I buy a cheap property or keep saving? PLUS: Can you challenge a service charge increase?

Informações:

Sinopsis

Rob & Rob are back and it’s time for more listener questions!  And Jason’s kicking us off with a corker.  Jason is currently saving to purchase his first property and reckons by next year he’ll have around £20,000 saved!   What he wants to know is should he use this as his deposit, purchase a lower value property and get his foot firmly on the ladder or hold out, save some more, and purchase a higher value property?  It’s a difficult decision, so what advice have Rob & Rob got for him?  Next up, we’ve got a question from Mike.  Following a change in the property management company that manages his property in Northampton, he’s recently received his service charge demand.  And whilst he expected a potential increase, he was shocked to find an increase of a whopping 92.5% compared to 2021!  What Mike would like to know is are service charge changes set in stone, or can he challenge this? And if he can, is it a fairly straightforward process or is it a long and costly one?  We know with inflation pushin