Leasehold customers letter

This letter was delivered to all of our leasehold customers. 

Your service charge budget for 2024/25

Dear XXXX,

We’re writing to let you know of your annual service charge budget for your home. This sets out the anticipated costs of delivering services to your home for the coming financial year from 1 April 2024 to 31 March 2025.

We always try to keep our charges as affordable as possible, but the continued increases in national energy and utilities bills along with the rising costs we’re experiencing from our external suppliers have meant we’ve unfortunately had no choice but to review and increase our charges in some areas.

We’ve carefully set the service charge budget for your building using our best assessment of what we estimate will be spent on delivering our services for your home. Our estimates are based on a combination of contractor costs (including pest control, lift servicing, buildings insurance, etc.) and anticipated expenses based on what it has cost us, to deliver our day-to-day services like repairs and communal electricity, in previous years.  

Your service charge is payable quarterly in arrears on or before the following dates:

  • 24 June 2024
  • 29 September 2024
  • 25 December 2024  
  • 25 March 2025

If it works better for you, you can choose to pay your service charge monthly. Just get in touch and to let us know if you’d like to set up a monthly Direct Debit.

During September, we’ll send you a summary of what we’ve spent on delivering services to your home in 2023/2024. We’ll also show you what we budgeted and how much we’ve spent. Don’t worry, if we’ve not spent everything that we expected, the difference will be credited back to your service charge account and you can apply for a refund. If for any reason we’ve had to spend more than expected, we’ll bill you for this and ask you to make an additional payment.

I can confirm that as of XXXX your account is showing a balance of £XXX. Please make sure you check what symbol your balance has in front of it. If your balance has a ‘-‘ (minus sign) in front, this means your account is in credit.  

If you’ve set up a Direct Debit and your service charge is different from last year, you don’t need to do anything, this will be amended automatically for you. If you’d like to chat to a member of our team about your Direct Debit, just get in touch via our contact us form.

If you’d like to discuss switching to monthly payments or to find out more about the services we provide, please call our Customer Contact Centre on 0330 355 1000 or get in touch via our contact us form and we’ll be happy to help.

Many thanks,

Nicole Kershaw

Chief Executive

 

XXXX = Please review your letter for information specific to your tenancy  

Your service charge budget and demand for 2024/25

1 April 2024 – 31 March 2025

Service charge description Annual charge per property £ Quarterly charge per property £
Aerial digital servicing XXXX XXXX
Bin chute/paladin cleaning XXXX XXXX
M and E charge (Booster pumps, dry risers, lighting conductor and ventilation service) XXXX XXXX
Caretaking service XXXX XXXX
CCTV XXXX XXXX
Door entry XXXX XXXX
Communal electricity XXXX XXXX
Fire alarm servicing and emergency lighting XXXX XXXX
Pedestrian and car park gates XXXX XXXX
Grounds maintenance XXXX XXXX
Pest control XXXX XXXX
Water charge XXXX XXXX
Lift service XXXX XXXX
Window cleaning XXXX XXXX
Day to day repairs XXXX XXXX
Building insurance XXXX XXXX
Management fee XXXX XXXX
Total communal costs XXXX XXXX

 

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