I'm not sure what percentage of leaseholds have sink funds and if they do how sufficient those funds are. Some quote 60% of leaseholds. Many council privatised properties do not have a sink fund. Wandsworth properties do not as far as I'm aware. With small or low rise properties maintenance costs are fairly easy to determine although still not without difficulty. However with larger properties the costs seem to spiral with many having been originally sold at very low prices compared to future maintenance costs. For example a low rise flat may have originally been sold in the early 80,s for 30K. Five  years later it needs a new roof that will then cost 10K. If the people were lucky they would have sold on the flat during the boom that saw property prices double. However many leaseholders are not so lucky. Of course ignoring the 17% interest rates - a couple of decades later and that property is now worth 250k but only if they sell it. In the meantime they have retired and another roof replacement is now due not to mention the other numerous mayor repairs in between. Some of the high rises the prices are more extreme and many less able to afford those high costs. Together with some buy to let landlords this partly explains the resistance that is encountered when doing some improvements that make economic sense in the long term such as replacing single with double glazing. I should say that I bought my flat privately at the hight of the late 80's boom and subsequent 17% interest rates but still considered myself fortunate compared with younger people trying to buy a property.

Entire Thread

Topic	Date Posted	Posted By
Leasehold & Freehold (Reform) Bill	27/02/24 18:41:00	Martine Guy
Re:Leasehold & Freehold (Reform) Bill	27/02/24 19:04:00	Barbara Stevens
Reply	27/02/24 21:31:00	Martine Guy
Re:Reply	27/02/24 21:38:00	Barbara Stevens
Reply	28/02/24 01:45:00	Michael Ixer
Re:Reply	28/02/24 05:31:00	Ed Robinson
Re:Re:Reply	28/02/24 08:14:00	Andy Pike
Reply	28/02/24 09:13:00	Martine Guy
Re:Reply	28/02/24 09:32:00	Andy Pike
Re:Reply	28/02/24 09:21:00	Barbara Stevens
Re:Re:Reply	28/02/24 09:40:00	Barbara Stevens
Reply	28/02/24 10:24:00	Martine Guy
Re:Reply	28/02/24 10:45:00	Barbara Stevens
Reply	28/02/24 10:31:00	Michael Ixer
Re:Reply	28/02/24 10:40:00	Barbara Stevens
Re:Re:Reply	28/02/24 10:49:00	Andy Pike
Reply	28/02/24 11:01:00	Martine Guy
Re:Reply	28/02/24 11:15:00	Andy Pike
Reply	28/02/24 12:01:00	Michael Ixer
Re:Reply	28/02/24 13:20:00	Andy Pike
Reply	28/02/24 14:00:00	Michael Ixer
Re:Re:Re:Reply	28/02/24 15:32:00	Barbara Stevens
Reply	28/02/24 11:23:00	Michael Ixer
Reply	28/02/24 13:45:00	Martine Guy
Reply	28/02/24 13:51:00	Martine Guy
Re:Reply	28/02/24 15:37:00	Barbara Stevens
Re:Re:Reply	28/02/24 16:18:00	Michael Ixer
Re:Reply	28/02/24 15:30:00	Barbara Stevens
Re:Re:Reply	01/03/24 13:56:00	Lucille Grant
Reply	01/03/24 15:08:00	Martine Guy
Re:Reply	01/03/24 15:23:00	Philippa Bond
Reply	01/03/24 16:03:00	Martine Guy
Re:Reply	01/03/24 19:39:00	Ed Robinson
Re:Re:Reply	03/03/24 07:51:00	Philippa Bond
Reply	03/03/24 20:09:00	Martine Guy
Re:Reply	03/03/24 22:29:00	Philippa Bond
Reply	03/03/24 22:48:00	Michael Ixer
Re:Reply	29/03/24 15:13:00	Philippa Bond
Re:Re:Reply	03/03/24 23:23:00	Ed Robinson
Reply	24/03/24 11:53:00	Martine Guy
Re:Reply	24/03/24 14:10:00	Lucille Grant
Reply	24/03/24 14:39:00	Martine Guy
Reply	27/03/24 15:20:00	Martine Guy
Re:Reply	27/03/24 16:54:00	Andy Pike
Reply	27/03/24 20:47:00	Michael Ixer
Re:Reply	30/03/24 12:27:00	Ed Robinson
Re:Re:Re:Reply	29/03/24 21:14:00	Elizabeth Balsom
Re:Re:Re:Re:Reply	31/03/24 23:09:00	Philippa Bond

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