2015 Service Charge – Mill Pond Close : How to pay

The annual service charge is due. This year, for the fourth year running, there is no rise in the amount you have to pay. The lease requires the service charge to be split into two payments due on 24th June and 25th December of each year. SBRC invoice for each of these payments and also offer as an alternatively (if you are not in arrears) a monthly payment plan. 

Bank transfer
The preferred method of payment is by bank transfer or BACS. Bank details and payee are printed on the invoice payment slip. Reference your invoice number. The payment must reach our bank account by 9th July 2015. 

Monthly standing order
The SBRC offer a concessionary payment plan whereby leaseholders may pay the service charges in TEN MONTHLY instalments via bank standing order, covering the full twelve month charge. 

The first monthly payment is due on 25th June 2015 (to allow for processing time, the first payment might be later, but must reach us before 9th July 2015) followed by nine (9) subsequent payments starting on 25th July (and on the 25th of each month) ending on 25th March 2016.

The first payment may be different to subsequent payments to account for differences in the way previous installments were calculated or over-payments. Your invoice will show what to pay.

Most banks let you set up a standing order via their online or telephone banking service. Bank details are printed on the invoice payment slip. Alternatively, A standing order mandates can be downloaded below which you should complete and send to your bank. Please ensure your previous standing order is cancelled.

Cheque Payment
If you pay by cheque please send your cheque to International House, 24 Holborn Viaduct, London EC1A 2BN along with the invoice payment slip. The payment must reach us by 9th July 2015.

If payments are not received by the stated dates you will forfeit the benefit of the concessionary payment plan and all outstanding sums must be paid immediately. If payment is not made immediately then all outstanding payments due will be deemed to be late payments and subject to administration fees and interest charges from either 9th January or 9th July.

Late Payments
In accordance with the lease and 14 days after the due date late payment charges will apply including £50 administration fees and Interest charges of 5% above base rate. SBRC also reserves the right to nominate agents for the recovery of outstanding debts. 

Property Sale
All Service Charges must be paid in full before a sale is completed. This will include any late payment charges and any outstanding standing order balances up to 23h June or 24th December. 

The SBRC reserves the right to revoke or change concessionary payment arrangements as and when appropriate.
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Unknown user,
10 Jun 2014, 11:20