June 2003 £85
June 2004 £95
June 2005 £105
June 2006 £105

An annual charge is levied on each non-factored property within the Association’s Estates. The charge is higher for those estates where the Association organises landscape maintenance work.

(NB: Factored owners are those in flatted accommodation which was first purchased after June 1988. They will be charged a higher level Management Fee in line with the Factoring Conditions).

The annual Administration Charges that will apply are as follows:

Year Charge (£) with Landscaping Charge (£) without Landscaping:

The above charges will be in addition to the actual cost of carrying out repairs or landscape maintenance.

Factored owners can expect two invoices per year; non- factored owners will normally be billed once a year. The following table shows the period of billing and the target timescales for issuing invoices.

The Factoring Officer carries out regular reviews of any debt being carried by owners. Owners are given 28 days to clear their account, once an invoice is issued, However, if you are an owner and have difficulty clearing the debt in that timescale, you should contact Charlotte Bonner, the Association’s Factoring Officer to agree a mutually acceptable re-payment plan.

The Association does have powers to pursue owners for their debts and has a robust system in place which , in extreme case, leads to legal action being taken against owners.

If you have any difficulty making full payment or keeping up repayment arrangement, it is in your interest to contact the office to discuss matters with the Factoring Officer.