Our service charge and fees
Our homeowners pay a yearly service charge, which is reviewed each year and allows us to take care of day-to-day tasks such as maintaining the grounds on your behalf.
The budgeted costs for each development are presented every 12 months, at service charge budget meetings, to everyone living in the development. These costs are then divided among the homeowners in line with the terms of their lease.
Service Charge - McCarthy & Stone
Retirement Living Service Charges includes:
- House Manager, who ensures everything runs smoothly.
- A 24-hour emergency call system.
- A camera entry system for added peace of mind.
- Buildings insurance & water and sewerage rates.
- We make sure all lifts are kept in full working order and monitor fire alarms 24/7.
In addition to a weekly service charge, Ground rent is payable. To find more about Ground Rents click here.
Retirement Living PLUS Service Charges includes:
- Estate Manager, who ensures everything runs smoothly.
- A 24-hour emergency call system.
- A camera entry system for added peace of mind.
- Buildings insurance and water and sewerage rates.
- We make sure all lifts are kept in full working order and monitor fire alarms 24/7.
- Staff on-site 24/7, a chef to prepare lunch-time meals and one hour of domestic assistance per week, to use as you wish.
In addition to a weekly service charge, Ground rent is payable. To find more about Ground Rents click here.
Lifestyle Living - Service Charges
Lifestyle Living Service Charges includes:
- All maintenance to the building and grounds is taken care of, including window cleaning, gardening and upkeep of the building exteriors and communal areas.
- High level of security, including camera door entry and a fully monitored fire detection system.
- Gated car parking, which means you can simply lock up and leave whenever you choose, whether you’re popping out for a coffee or heading off on a six-week cruise.
In addition to a weekly service charge, Ground rent is payable. To find more about Ground Rents click here.
Contingency fees
Our homeowners’ apartments sit within developments where we maintain all shared spaces, both inside and outside. So you won’t have to worry about the state of the roof tiles or making sure that your home looks attractive and well cared for.
Repair and renovation costs are covered by contingency fees – a small fee that’s included in homeowners’ weekly service charges.
We keep this cost to a minimum by topping up the fund with a one-off charge of 1% of the resale price when an apartment is sold on. If you decide to rent out your home, the subletting contingency fee is 1% of the yearly rent you charge.
I feel so much more liberated now that I don’t have the constant worry and stress of all the little jobs and work that needed doing to the house. Now it’s all done for me and I have the real gift of having my time back to focus on myself and my family.