Our Invoices
The Association issues factoring invoices on a quarterly basis covering the following periods:
1 January – 31 March
1 April – 30 June 1 July – 30 September 1 October – 31 DecemberThe invoices are issued in March, June, September and December.
Your bill will include charges for the following
- Management fee
- Buildings insurance
- Your share of common repairs (as per your title deeds)
- Common services (such as close cleaning)
- Insurance excess (where applicable)
- Account management
Administration fees apply for the management of accounts that fall into arrears
- Accounts in arrears may be subject to a £40 arrears administration fee for all the work undertaken by the Association in terms of reminder letters, phone calls and visits
- All costs relating to legal action will be recharged to the owner
- Interest will be charged in respect of all arrears that are outstanding for more than eight weeks where no arrangement has been made for payment – interest will be charged at 4% above the Bank of Scotland base rate
We offer owners a variety of payment methods as follows
- Bank transfer
- At any Pay Point using your Allpay card (A charge is made in respect of replacement cards)
- Online or by telephone to Allpay (Tel. 03300416497 / www.allpayments.net)
- Debit card/credit card
- Direct Debit – please contact the Factoring Team and we will set this up for you.
Please note that we do not accept cash payments.