While £2 isn't much to be rent and mortgage free for life, we understand that before committing, having a full grasp of one's potential complete outgoings is important.
Your legal fees are covered by us, plus, we're chucking in £3,000 to cover the first year's council tax, ground rent, and utilities, which is more than enough to make the first-year cost you absolutely nothing!
The property is share of a freehold, and, therefore, there is no ground rent or service charge.
Lambeth council charge £1,500 a year tax.
Utilities are not expensive. Because it's a 2-bed, heating, gas, electric, and water are not huge burdens and combined come in at double digits a month, depending on usage and providers.