What is a service charge?

Many shared ownership homes come with a service charge, but what do you actually pay for?

For those with accessibility needs, this video transcript can be found here:

You’ll pay a monthly fee that contributes to the upkeep and maintenance of your development, which covers things such as:

  • Gardeners and cleaners in communal areas
  • Maintenance of roads and drainage
  • And it also includes the building insurance for your property – but you’ll need to sort contents insurance separately