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Closed Encourage banks not to refuse mortgages for properties with high service charge

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There have been reports that some banks are not providing mortgages on some properties with high service charges. I urge the government to intervene.

With increasing compliance and fire inspection costs, utilities and contractor fees, it has caused some service charges to rise to more than 1% of the value of the apartment.

Given that banks have been bailed out by taxpayers multiple times, we think it is time for the government to support trapped sellers in return.

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