We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Shared Ownership Charges
Options
Startingfromscratch
Posts: 1 Newbie
Hi
I am in the midst of progressing a shared ownership application.
They have provided a breakdown of charges and these include:
rent, service charge, maintenance charge, management charge and buildings insurance.
Can anyone explain why there is a separation between some of these as I thought servie charge covered maintenance / building insurance and sometimes management charges? The overall figure is still in line with what I am expecting to pay.
My concern with this breakdown is I am worried each could go up each year at different levels?
Am i panicking for nothing?
Thanks
I am in the midst of progressing a shared ownership application.
They have provided a breakdown of charges and these include:
rent, service charge, maintenance charge, management charge and buildings insurance.
Can anyone explain why there is a separation between some of these as I thought servie charge covered maintenance / building insurance and sometimes management charges? The overall figure is still in line with what I am expecting to pay.
My concern with this breakdown is I am worried each could go up each year at different levels?
Am i panicking for nothing?
Thanks
0
Comments
-
You'll need to read the various documents to establish what the different charges cover.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards