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  • FIRST POST
    • Heidibag
    • By Heidibag 6th Aug 18, 5:16 PM
    • 26Posts
    • 2Thanks
    Heidibag
    Property management fees
    • #1
    • 6th Aug 18, 5:16 PM
    Property management fees 6th Aug 18 at 5:16 PM
    Can anyone advise of the following.
    I own a flat and pay maintenance fees. The management company carried out some works and demanded payment from everyone. I cannot afford the pay for the works for the amount that they wanted in a short space of time. So now the property management company said that they will add it to my mortgage. Firstly, how can they do this? Secondly, my mortgage company advised that they couldn't do this and thirdly, even if they are successful in doing this, does it affect my credit rating?
Page 1
    • kuratowski
    • By kuratowski 6th Aug 18, 5:29 PM
    • 51 Posts
    • 80 Thanks
    kuratowski
    • #2
    • 6th Aug 18, 5:29 PM
    • #2
    • 6th Aug 18, 5:29 PM
    I think you must have misunderstood, most likely they were suggesting to you that you should add it to your mortgage, not that they would somehow do it on your behalf (which would be impossible).

    Maintenance fees are an obligation you signed up to, under the lease. Unfortunately the amount is what it is and you're very unlikely to be able to avoid it.

    Your choices are essentially (1) borrow the money (add it to the mortgage is the cheapest way) or (2) sell your flat and move out.
    • Heidibag
    • By Heidibag 6th Aug 18, 6:04 PM
    • 26 Posts
    • 2 Thanks
    Heidibag
    • #3
    • 6th Aug 18, 6:04 PM
    • #3
    • 6th Aug 18, 6:04 PM
    I am hoping to sell it next year as the property managment company are awful. I am aware i have to pay it.
    • Dandytf
    • By Dandytf 6th Aug 18, 7:16 PM
    • 1,411 Posts
    • 426 Thanks
    Dandytf
    • #4
    • 6th Aug 18, 7:16 PM
    • #4
    • 6th Aug 18, 7:16 PM
    Can anyone advise of the following.
    I own a flat and pay maintenance fees. The management company carried out some works and demanded payment from everyone. I cannot afford the pay for the works for the amount that they wanted in a short space of time. So now the property management company said that they will add it to my mortgage. Firstly, how can they do this? Secondly, my mortgage company advised that they couldn't do this and thirdly, even if they are successful in doing this, does it affect my credit rating?
    Originally posted by Heidibag
    I couldn't; manage 500 property management bill on time a few years earlier
    They managed to Auto add it to my natwide mtg-without me being informed.
    Although I was quite shocked =I wish I could pay another few from my mtg overpayments which Natwide states they cannot allow any further property management bills to be added to my mtg.
    sc dmp 2012 13k Jan 2018 8840 paid. 60% approx.
    Mid 2018 Help2save 50 uk pounds per month
    Mid 2018-Virgin Money E-saver V11 -250+50 uk pounds per month
    • Heidibag
    • By Heidibag 7th Aug 18, 10:04 AM
    • 26 Posts
    • 2 Thanks
    Heidibag
    • #5
    • 7th Aug 18, 10:04 AM
    • #5
    • 7th Aug 18, 10:04 AM
    so the crux of it is, yes they can do it.
    • Dandytf
    • By Dandytf 7th Aug 18, 10:50 AM
    • 1,411 Posts
    • 426 Thanks
    Dandytf
    • #6
    • 7th Aug 18, 10:50 AM
    • #6
    • 7th Aug 18, 10:50 AM
    so the crux of it is, yes they can do it.
    Originally posted by Heidibag
    Not through choice and not as often as one would like.
    I never pursued going to a lawyer thought at the time -I'm still shocked that any company can access and debit sums from a personal mortgage account,
    That has never been answered yet
    sc dmp 2012 13k Jan 2018 8840 paid. 60% approx.
    Mid 2018 Help2save 50 uk pounds per month
    Mid 2018-Virgin Money E-saver V11 -250+50 uk pounds per month
  • National Debtline
    • #7
    • 7th Aug 18, 11:19 AM
    • #7
    • 7th Aug 18, 11:19 AM
    Hi Heidibag


    It is possible for the management company to ask your mortgage lender to pay the bill if you cannot do so. This could put you into mortgage arrears if your lender does not agree to add it on to the balance of your mortgage. However, given your mortgage lender has stated they cannot do it, you need clarification whether your lender is refusing to pay the bill or perhaps the adviser you spoke to did not know it was an option.


    Other options available for the management company will be to apply for a CCJ for the debt, or consider repossession due to you forfeiting your lease by not paying the bill. You can get specialist advice on your lease from the Leasehold Advisory Service https://www.lease-advice.org/.


    I would suggest you get in touch with one of the free debt advice agencies for more advice on this. It may be possible to negotiate a payment plan on the bill if you cannot afford to pay it in one go.


    Best wishes


    Susie
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
    • Heidibag
    • By Heidibag 7th Aug 18, 1:25 PM
    • 26 Posts
    • 2 Thanks
    Heidibag
    • #8
    • 7th Aug 18, 1:25 PM
    • #8
    • 7th Aug 18, 1:25 PM
    Thank you

    I have contacted lease-advice.org in the past for other property issues and even though they replied to say they had received my email they never offered any advice regardless of how many times i chased them. So as i want to sell and move i don't want to risk my mortgage application so will try and negotiate.
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