Before purchasing any leasehold property,
prospective purchasers should ensure that they fully understand
their leasehold obligations, particularly the total service charge
expenditure payable for the relevant property and the payment deadlines.
If in doubt, prospective purchasers should obtain independent advice
from solicitors, accountants or other suitably qualified independent
Copies of recent Castle Court service charge budgets,
service charge accounts & the rolling 10-year Planned Preventative
Maintenance ("PPM") Schedule can be obtained by emailing
The total annual service charge including PPM projects
payable by an individual leaseholder is the total annual service
charge expenditure including PPM projects multiplied by the service
charge % stipulated in the relevant lease.
A prospective purchaser wishing to estimate their
ongoing service charge liability before buying a flat should check the exact service charge % stated within the lease for
the relevant flat.
There are specific sections for "Service Charges" and "Planned Preventative Maintenance" on this website, which may be of interest to prospective purchasers.
Overall cost of service charge expenditure
The directors of Castle Court Freehold Limited consider
that the service charge expenditure at Castle Court, including PPM
projects, reasonably reflects the lease obligations and statutory obligations, particularly
the cost of complying with the landlord’s obligations to maintain,
repair & redecorate the building.
It is then for market forces to determine whether
individual flats at Castle Court are attractive to individual prospective
purchasers, including buy-to-let investors.
It is not Castle Court Freehold Limited's responsibility
to produce a service charge budget or PPM schedule that would be
attractive or acceptable to every individual purchaser or every
buy-to-let investor who considers buying a flat at Castle Court.
Not all properties in the UK are affordable to every individual
purchaser looking for a property. Not every leasehold property in
the UK would be a viable buy-to-let investment.