Why is my service charge different from my neighbour’s?

Service charges are shared fairly between all properties, but the amount each homeowner pays can vary depending on your individual share (apportionment) set out in your lease or transfer document. Factors like the size of your property or access to extra facilities (like parking or a garden) can affect how much you pay. So, if your home is larger or includes more shared services, your service charge may be slightly higher than your neighbour’s. 

The date you complete your property purchase can also affect the amount of service charge you pay in your first year. For example, if your financial year runs from the beginning of April to the end of March and you move in June, you may be responsible for around 10 months of service charge, whereas someone moving in January would pay closer to 3 months.