Know what you're taking on before you exchange
Buying a leasehold flat means buying into its service charge history, its reserve fund, and whatever major works are coming next. The Buyer Report reviews the LPE1 management pack and three years of accounts so you — and your conveyancer — can see the financial picture clearly, before you commit.
What's in the report
Everything pulled from the seller's LPE1 pack and accounts, explained in plain English.
LPE1 management pack analysis
We read the LPE1 so you don't have to: ground rent, insurance arrangements, current service charge, any pending or recent disputes, and major works notices.
3 years of accounts reviewed
Year-on-year cost trends across the building's service charge accounts, flagged against typical ranges for similar buildings.
Local and national benchmarking
How this building's service charges compare to similar properties in the area and across the UK, using the same data behind our service charges map.
Dispute history
Any First-tier Tribunal cases or recorded disputes connected to the building or managing agent that are part of the public record.
Reserve fund adequacy
Whether the building's reserve (sinking) fund looks sufficient for its age, size and any major works on the horizon — or whether you should expect a large bill after you move in.
Section 20 / major works outlook
Early warning of any Section 20 consultations already under way or likely soon, so a major works bill doesn't land on your doormat the month after completion.
Leasehold flat buying checklist
The questions every buyer should ask before exchanging on a leasehold flat.
Service charge basics
- How much is the current annual service charge, and how has it changed over the last 3 years?
- What's included — and what's billed separately?
- Is the service charge reasonable compared with similar buildings nearby?
Reserve fund and major works
- How much is held in the reserve/sinking fund, and is it ring-fenced?
- Is there a Section 20 consultation in progress, or major works planned?
- Could you be liable for works that started before you bought the flat?
Management and disputes
- Who manages the building, and is there an RTM company or RMC?
- Has the building or managing agent been involved in a First-tier Tribunal case?
- Are there any unresolved disputes between leaseholders and the freeholder?
Lease terms
- How is the service charge calculated and apportioned (fixed share vs. variable)?
- What's the ground rent, and does it escalate?
- How many years are left on the lease, and what would extending it cost?
For conveyancers and brokers
A due-diligence layer that complements your existing LPE1 review.
Add financial clarity to your process
The Buyer Report is built to sit alongside your conveyancing checks — giving clients (and you) a clear, written summary of service charge trends, reserve fund health and upcoming major works, sourced directly from the LPE1 pack and accounts.
Get in touch
If you're a conveyancer, broker or property professional interested in offering the Buyer Report to clients, we'd like to hear from you.
Contact usBuyer Report FAQ
What is an LPE1 form?
The LPE1 (Leasehold Property Enquiry Form) is the standard pack a landlord or managing agent provides when a leasehold property is sold. It covers service charges, ground rent, building insurance, major works, disputes and more.
Why do I need a Buyer Report if my conveyancer already reviews the LPE1?
Conveyancers check the LPE1 for legal red flags, but rarely have time to benchmark service charges against local and national data, or assess whether a reserve fund is adequate for likely future works. The Buyer Report is designed to sit alongside conveyancing, giving you and your conveyancer a clear financial picture.
When will the Buyer Report be available?
The Buyer Report is coming soon. Join the waitlist with your postcode and role and we'll let you know as soon as it's available.
Don't buy into a problem
Join the waitlist for early access to the Buyer Report.