As the title asks...
In the process of buying a flat in a block. But reading the Management stuff is a little scary. Wondering if it would be better going for a flat in a converted house, where you may have just 1 above or below you?
No point telling me not to go leasehold, its all I can afford.
My gut is telling me i'm doing the wrong thing by going for a block and that is because of the service charges. I know you can have service charges and ground rent in a converted house as well, but my feeling is that there may not be any 'surprise' costs as much, such as the roof needing redoing and you all having to pay towards costs of £30,000 for example.
Am I right to assume this or wrong?