We will always set out monthly fees very clearly to you at the point you buy a home from us.

Whether you’re a shared owner, or a leaseholder owning an apartment, there’ll be buildings insurance to pay.  We’ll arrange the buildings insurance cover and will collect this back from you each month.  If there is a service charge payable for the block or estate you live on, the buildings insurance will usually be collected as part of this payment.

Where a service charge is payable, this is to cover the cost of providing services to your estate and/or apartment block, and includes things like communal cleaning, garden maintenance and day to day repairs.

When we prepare a service charge budget for a development, we consider costs for long term maintenance too – known as a ‘Sinking fund’. This means money towards renewal of large items is built up over time, for things like a replacement roof or painting of communal areas, and avoids homeowners receiving large bills for works as and when works take place.

Garden City Homes also charge a management fee which is usually collected as part of the monthly service charge. This covers regular administration services provided, for example sending out service charge information and preparing service charge accounts.

Are there any other costs I need to be aware of?

In addition to the services that we provide to you which are covered within your management fee, there are also a range of chargeable services that will fall outside of this fee. For example, re-mortgaging approval and administering staircasing transactions.

We’ll always notify you on enquiry about whether a fee is payable for a particular service, and you can also click here to see a full list of our Administration charges. If you can’t find the fee for the service you’re interested in, just give us a call and we’ll advise you.