ASK328: Should I buy a cheap property or keep saving? PLUS: Can you challenge a service charge increase?

Rob & Rob are back and it’s time for more listener questions! 

And Jason’s kicking us off with a corker. 

Jason is currently saving to purchase his first property and reckons by next year he’ll have around £20,000 saved!  

What he wants to know is should he use this as his deposit, purchase a lower value property and get his foot firmly on the ladder or hold out, save some more, and purchase a higher value property? 

It’s a difficult decision, so what advice have Rob & Rob got for him? 

Next up, we’ve got a question from Mike. 

Following a change in the property management company that manages his property in Northampton, he’s recently received his service charge demand. 

And whilst he expected a potential increase, he was shocked to find an increase of a whopping 92.5% compared to 2021! 

What Mike would like to know is are service charge changes set in stone, or can he challenge this? And if he can, is it a fairly straightforward process or is it a long and costly one? 

We know with inflation pushing up costs across the board this might be a question on a few people's lips. 

Tune in to find out what the guys have got to say. 

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