Payment options
Payment options
| # | Option | Invoice | Resident leaseholders | Non-resident leaseholders | Terms of payment |
|---|
| 1 |
5% discount
|
Over 1000
|
Yes
|
Yes
|
You must pay the full amount within the date of your invoice
|
| 2 |
2 year interest rate
|
Over 1000
|
Yes
|
Yes
|
Up to 24 monthly direct debit installments
Minimum monthly payment £100
|
|
3
|
Up to five year payment period - partially interest bearing
|
Over 2000
|
Yes
|
No
|
Up to 60 monthly direct debit installments
Minimum monthly payment £100
Interest free: Years 1-2
Interest charged: Years 3-5
|
| 4 |
Up to 10 year payment period - partially interest bearing
|
Over 10000
|
Yes
|
No
|
Up to 120 monthly direct debit installments
Minimum monthly payment £100
Interest free: Years 1-2
Interest charged: Years 3-10
|
|
5
|
Voluntary charge on property
|
No invoice limit
|
Yes
Only leaseholders over 60 or on full benefits
|
No
|
Subject to Financial Inclusion Officer’s approval
Loan arrangement fee applies
Compound Interest of 0.5% above the council borrowing rate (currently (5.35%) will be added to the debt each year)
|
| |
Statutory loan
|
No invoice limit
|
Yes
|
Yes
|
Terms and conditions apply. Please call 020 7364 5015 for more details
|
Tell us if you are finding it difficult to pay your bill. We are here to give you the help and support you need to manage your payments.
We can help you work out which one of our payments methods is best for you and check that you are receiving all the benefits you are entitled to. We will work with you to help you get your service charge account back on track.
We can also put you in touch with agencies that give free specialist advice. There will always be a way we can help, in whatever financial circumstances.