• Whether To Purchase Searches?

    By Guest on 29th Mar 2016

    Iam about the buy a studio flat on the third floor of a block of flats. The searches are working out nearly £300. Is it even worth purchasing them, as I imagine the freeholder would have responsibility of the environment issues around the block.

  • 2 Answers

    By Guest on 30/03/2016

    A full set of searches can reveal a great number of things which can seriously affect the value of the property and/or your ability to sell it. Even in relation to matters that are the responsibility of the freeholder under the terms of the lease he will be entitled to recover the costs or a share of the costs from you under the terms of the lease so yes, get the searches

  • By Guest on 30/03/2016

    Ok that makes sense, guess £300 isn't worth skimping on in the long run.
    Thanks for your reply

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