Service charge arrears
Campaigning and Policy

Petronius Walker
Petronius Walker
1 Thanks
23 Posts
12 years ago
My mortgage lender has settled a large demand for arrears of service charge and has now received a further significant demand. The charges are so high because the management company is saving up for major capital works. However, my interpretation of the lease is that there is no provision for a sink fund: that is, no provision to demand service charge in advance of expenditure. If this is so, the demand to the lender was invalid. Might you know whether the lender was under an obligation to establish that the service charge was payable before settling the demand and adding the debt to my loan? The alternative seems to be that they would just pay anything, provided the demand came on management company headed paper.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.