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The latest paragraphs for you to consider including in your CQS CPMS Policy.

Text for CQS CPMS Policy

CQS Policy: Combined Service Charge and Ground Rent Threshold

Purchase this policy: Purchase of a Leasehold policy

Change date
25/01/2024
Word count
70
Deployment measure
9/10
Rationale

This update requires checking if combined ground rent and service charges exceed 1.5% of property value, as exceeding this threshold could deter lenders and affect marketability.

Careful consideration must be given by you in calculating whether …

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Did a property problem come to light after you bought?

WhenIBought is a Lexsure service for homeowners who discover an issue when selling or remortgaging and wonder what was known, investigated or explained at the time of purchase. It offers a conversation about what happened and, where the records allow, what lenders required at the time. It does not determine whether anyone was at fault.

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