L&Q Group | Leading Housing Association & Residential Developer

What happens if there is not enough money in the sinking fund to pay for the works?

We try to avoid this scenario where possible, however unexpected works can occur.

If they do occur, we'll send you formal confirmation of the final amount of works and any likely shortfall. We'll then divide the shortfall by the number of properties.

We're responsible for the contributions due for tenants as we own the properties. We'll then deduct what sinking fund money we have and any amount still left will be payable by homeowners.

Interest free payment options are available for periods up to three years depending on the amount owing.

Did this answer your question?

Yes No

Thank you for your feedback.

We're sorry you didn't find this answer useful. Please tell us why this was the case so we can improve our response.

We can't reply to your feedback so please don't include any personal details.