Frequently Asked Questions

Making sense of Shared Ownership

Will I pay a service charge, estate management charge or ground rent?
Service charges are fees that leaseholders pay to cover their share of the cost of maintaining the building they live in.  Estate management charges cover the cost to upkeep the external landscaped areas and roads that are not adopted by the local authority. For Apartments and Coach Houses: Service charges usually cover the costs of repairs to shared areas and the outside of the building, such as roof, external pipes and drains. It also covers cleaning and buildings insurance.  Coach Houses will also have to contribute to any estate management charge that is due. For Houses: Most houses will be part of a development where all properties contribute to an estate management charge.  This will include buildings insurance whilst you are a Shared Owner. Your sales consultant will provide you with the costs for the above services and your solicitor will be provided with the  breakdown of what the costs cover. Ground rent is not generally applicable until you purchase 100% of your home.  
Who will manage my property and the communal areas if I live in an apartment building?
Legal and General Affordable Homes will have appointed a Management Provider to manage your property on our behalf, they will be in touch with more information nearer the time of completion. They will collect service charges and oversee the management and maintenance of the building and any communal areas on our behalf.
Can I decorate/make improvements to my home?
Yes, you don’t need our permission for decorating or simple repairs, however you would need to get permission for larger works to ensure it does not affect the structure of the building.

Service charges are fees that leaseholders pay to cover their share of the cost of maintaining the building they live in.  Estate management charges cover the cost to upkeep the external landscaped areas and roads that are not adopted by the local authority.

For Apartments and Coach Houses: Service charges usually cover the costs of repairs to shared areas and the outside of the building, such as roof, external pipes and drains. It also covers cleaning and buildings insurance.  Coach Houses will also have to contribute to any estate management charge that is due.

For Houses: Most houses will be part of a development where all properties contribute to an estate management charge.  This will include buildings insurance whilst you are a Shared Owner.

Your sales consultant will provide you with the costs for the above services and your solicitor will be provided with the  breakdown of what the costs cover. Ground rent is not generally applicable until you purchase 100% of your home.

 

Legal and General Affordable Homes will have appointed a Management Provider to manage your property on our behalf, they will be in touch with more information nearer the time of completion.

They will collect service charges and oversee the management and maintenance of the building and any communal areas on our behalf.

Yes, you don’t need our permission for decorating or simple repairs, however you would need to get permission for larger works to ensure it does not affect the structure of the building.