My fiance and I have found a hosue in Northern Ireland we really want to buy, which is surrounded by a bit of land. Only some of the land belongs to us, the rest belongs to some company, not the builder. The builder assures us no-one will ever be able to build there, and says that any new developments being built now legally must have 10% green area (I think) which is owner by a company that we must pay a maintenence fee every year to. He says it will be around about £200-300 a year!! This is such a lot, and we just know they will only cut it once or twice a year. We cannot buy the land, which gives us no choice. Can these fees go up over the years? Has anyone had any experience with these companies?
Any experiences or answers would be very much appreciated.
Thanks in advance.
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