Spreading the Cost of Major Works

A quick word on spreading payments for major works bills and what it says in the Myatts Field North Leasehold Handbook, available online here.

‘Although payment for major works is a form of service charge, we have a payment options that let you spread payments over a two year period. Your lease says you must pay immediately. However, we currently allow payments over a two-year interest free period.

We are sympathetic to genuine cases of financial difficulty and understand that not everyone can afford to pay their invoice in one go. If this applies to you it is important for you to make contact with the housing office as soon as possible.’

The topic came up during a recent meeting with residents during which it was suggested that these arrangements aren’t widely known, so we offered to send out some additional comms to raise awareness. We’ll also be including in the upcoming estate newsletter.