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Makes available 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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