Deferred Management Fee

To help make your decision to move into our friendly community even easier, you now have three different options to choose from when paying for your service charge.

Pay As You Go, Fix your costs and Enjoy now, pay later

The Sales Consultant at participating developments will be more than happy to talk you through the new options available and the process involved.

Written details are available on request.

Terms and conditions:

  • McCarthy & Stone are offering a choice of options to defer the payment of service charge costs on selected developments. Purchasers can either:
    • Pay their annual service charge according to the standard lease fraction. This amount may vary over time according to actual expenditure and inflationary pressures.
    • Fix their annual service charge at a reduced rate in return for a defined annual contribution of 1-1.5% of the property value per annum.
    • Pay no service charge in return for a defined annual contribution of 2-3% per annum.
  • Any deferred service charge contribution is based upon the number of years, or part years, of occupation by the initial occupant and payable upon a change in occupant.
  • The deferred service charge ‘event fee’ is based upon the achieved resale price or an independent RICS approved market valuation, whichever is higher.
  • If having qualified for the Offer there is a change in occupation following death then McCarthy & Stone shall grant the owner (or their representatives) up to a 6-month grace period during which service charges will remain at either the reduced rate (‘Fix your costs’), or free (‘Enjoy now, pay later’) until the Qualifying Apartment has sold or the 6-month period has expired, whichever is the earlier.
  • To be eligible for the Offer, the Qualifying Apartment must be reserved after 28th September 2020 and must legally complete before 31st December 2020.
  • The Offer is not available in conjunction with any other promotion except McCarthy & Stone’s Smooth Move offer and part exchange process.
  • The legal owner of the Qualifying Apartment shall remain liable for ground rent payments.
  • The Offer is not available on resale properties.
  • McCarthy & Stone shall only pay for the standard service charge offering and the Offer does not apply to additional and optional care packages procured by you. 
  • This offer is non-transferable and can be withdrawn at any time by McCarthy & Stone.