Yes, your service charge or estate management charge will be included as part of the total monthly costs of your new Shared Ownership home. This will be explained by our sales consultants as part of your purchase.
Service charges will be used to cover communal areas of apartments and coach houses, such as:
- Roofs, external pipes or drains
- Communal gardens or external areas
- Cleaning and building insurance
For Shared Ownership homes, your estate management charge will contribute towards:
- Grounds maintenance, including grass cutting and upkeep of outdoor spaces
- Landscaping, such as carparks and footpaths
- Security and insurance
Ground rent is not generally applicable on our developments, but your legal representative will confirm this in relation to any property you are looking to purchase shares of.