While there have been some problems with the PFI, our view is that these are now over. Brockley leaseholders have had a number of gripes over the quality, cost and necessity of renovations carried out during the "Major Works programme" in 2007-09. However, after actions taken forward by a number of leaseholders, these have been rectified. More importantly, the culprit - Higgins Construction - is now no longer part of the PFI consortium.
Your solicitor's searches should note that there are plans for another round of cyclical decoration works which will start to take place in the next few years. Note that the costs of these is capped at £10,000 which, while a lot of money, is much less than leaseholders in other ex-LA properties nationwide can be subject to (and indeed elsewhere in Lewisham such as those run by Lewisham Homes). Such caps very rarely exist in leasehold properties with a private freeholder either. Regenter has stated that costs would be limited to decorative works in communal areas - so it is hard to anticipate costs being anywhere near the £10,000 mark anyway.
Be assured also that, while still not perfect, Lewisham Council has upped its game in managing and monitoring the PFI, and we believe that lessons have genuinely been learned.
The upshot is, there is relatively little to worry about - there are of course some niggles, but these are in the same order of magnitude as any leasehold property - private or ex-LA. If you have any questions, contact us at email@example.com and we can point you to who to ask for more details at Lewisham Council and at Regenter B3.
You can also be assured that there are other leaseholders to provide advise and help should there ever be any issues. Brockley and Ladywell are also amazing places to live!