Major Works service charges payment plans
If you have already entered into a payment agreement you can amend this, please contact us on the details below to arrange this.
To provide support to our leaseholders we offer the following payment options for our major works service charges;
Invoice | Term | Resident Leaseholders | Non resident Leaseholders (properties that are sublet or company owned) | Payment option information |
---|---|---|---|---|
Invoice Up to £2,000 |
Term 1 year |
Resident Leaseholders![]() |
Non resident Leaseholders (properties that are sublet or company owned)![]() |
Payment option information You can spread your payments over 1 year in equal monthly instalments. |
Invoice £2,000 and above |
Term 2 year |
Resident Leaseholders![]() |
Non resident Leaseholders (properties that are sublet or company owned)![]() |
Payment option information You can spread payments over 2 years in equal monthly instalments. |
Invoice £2,000 and above |
Term 5 years |
Resident Leaseholders![]() |
Non resident Leaseholders (properties that are sublet or company owned) |
Payment option information You can spread payments over 5 years in equal monthly instalments. |
Invoice £20,000 and above |
Term 10 years |
Resident Leaseholders![]() |
Non resident Leaseholders (properties that are sublet or company owned) |
Payment option information You can spread payments over 10 years in monthly instalments. After 5 years interest is charged at 1.5% above the Bank of England Base Rate |
Invoice £20,000 and above |
Term Repayment Loan |
Resident Leaseholders![]() |
Non resident Leaseholders (properties that are sublet or company owned) Assessed on a case by case basis |
Payment option information This is a loan secured by a legal charge against the property for up to 25 years. You will make monthly instalments towards the capital and interest of the loan. After 8 years interest is charged at 1.5% above the Bank of England Base rate. The administration cost of the loan can be added to the loan amount. |
Invoice £20,000 and above |
Term Deferred Payment Loan |
Resident Leaseholders![]() |
Non resident Leaseholders (properties that are sublet or company owned) Assessed on a case by case basis |
Payment option information This is a loan secured by a legal charge against the property. You do not need to make any payments towards the loan, and it will be repaid in full when the property is sold. After 8 years interest is charged at 1.5% above the Bank of England Base rate. The administration cost of the loan can be added to the loan amount. |
Invoice £30,000 and above |
Term 8 years |
Resident Leaseholders![]() |
Non resident Leaseholders (properties that are sublet or company owned) |
Payment option information You can spread payments over 8 years in equal monthly instalments |
Invoice £30,000 and above |
Term 13 years |
Resident Leaseholders![]() |
Non resident Leaseholders (properties that are sublet or company owned) |
Payment option information You can spread payments over thirteen years in monthly instalments. After 8 years interest is charged at 1.5% above the Bank of England Base Rate. |
If you have any questions about your major works service charge invoice and how to make payment, please do not hesitate to contact Leasehold Operations directly where our staff will be able to discuss the payment options available to you. Our friendly team are waiting for your call.
Telephone: 0800 358 3783