Frequently Asked Questions

Should a Management Company hold service charges and reserve funds in the same account?

The landlord or management company should hold reserve funds in a separate account, attracting a better interest rate.

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Blogs on similar property topics

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UK Govt Net Zero Plan Showing Results - Heat Pump Grant Applications Surge by 75 percent
New UK Government data reveals a significant increase in applications for heat pump grants. An impressive 75 percent surge was reported in February 2024 when compared to the same period in 2023. The increase in the number of applications follows the announcement of imminent changes to the scheme. These changes aim to make heat pumps more affordable and easier to install. Families stand to receive grants of £7,500 off iof nstallation costs, pos...

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Insurance Brokers and Freeholders to Face Action over Unfair Commissions
A disturbing development in the UK property market is severely impacting leasehold property owners. Evidence suggests the existence of unfair insurance commission practices, with commission rates paid by insurers to brokers reaching 30% or more—a cause for concern.

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EFG, set up by a group of farmers, is helping developers unlock house-building
The Environmental Farmers Group (EFG) is a cooperative formed by farmers in Hampshire, Wiltshire, and Dorset to carry out coordinated environmental projects on a catchment scale. The EFG consists of more than 230 farmers at present, covering 116,000 hectares, which accounts for over one percent of England's farmland. They are also expanding their operations into regions like North Lincolnshire, Northamptonshire, Devon, and Yorkshire.One challe...

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Blogs related:

ASSET MANAGEMENT
UK Govt Net Zero Plan Showing Results - Heat Pump Grant Applications Surge by 75 percent

Read

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Insurance Brokers and Freeholders to Face Action over Unfair Commissions

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Meet our Expert Property Commentators

Natalie Birmingham
Natalie Birmingham
Helpdesk Support Manager
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Mary-Anne Bowring
Mary-Anne Bowring
Group Managing Director
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Steve Norman
Steve Norman
Planning Director
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Ian barber
Ian barber
Managing Director - BTR North
image over card Ian barber
Jon Curtis
Jon Curtis
MRICS Head of Building Engineering
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Kate Robinson
Kate Robinson
MTPI MD Blocks/FM Management (London Region)
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Lee Harle
Lee Harle
Partner Ringley Law
image over card Lee Harle
Chris Georgalis
Chris Georgalis
MRICS Head of Commercial Valuation
image over card Chris Georgalis
Nichola Pughe
Nichola Pughe
MRICS Head of Residential Valuation
image over card Nichola Pughe

Should a Management Company hold service charges and reserve funds in the same account?

The landlord or management company should hold reserve funds in a separate account, attracting a better interest rate.

Valuation Services provided by The Ringley Group

homepage - operational living sector experts - btr living section image
Bank Valuations
homepage - operational living sector experts - block management image
Development Valuations
homepage - operational living sector experts - professional services image
Rent Reviews
homepage - operational living sector experts - commercial and coworking image
Tax Valuations
homepage - operational living sector experts - proptech it advisory image
Balance Sheet Valuations

Social


Blogs on similar property topics

ASSET MANAGEMENT
UK Govt Net Zero Plan Showing Results - Heat Pump Grant Applications Surge by 75 percent
New UK Government data reveals a significant increase in applications for heat pump grants. An impressive 75 percent surge was reported in February 2024 when compared to the same period in 2023. The increase in the number of applications follows the announcement of imminent changes to the scheme. These changes aim to make heat pumps more affordable and easier to install. Families stand to receive grants of £7,500 off iof nstallation costs, pos...

Read More

ASSET MANAGEMENT
Insurance Brokers and Freeholders to Face Action over Unfair Commissions
A disturbing development in the UK property market is severely impacting leasehold property owners. Evidence suggests the existence of unfair insurance commission practices, with commission rates paid by insurers to brokers reaching 30% or more—a cause for concern.

Read More

ASSET MANAGEMENT
EFG, set up by a group of farmers, is helping developers unlock house-building
The Environmental Farmers Group (EFG) is a cooperative formed by farmers in Hampshire, Wiltshire, and Dorset to carry out coordinated environmental projects on a catchment scale. The EFG consists of more than 230 farmers at present, covering 116,000 hectares, which accounts for over one percent of England's farmland. They are also expanding their operations into regions like North Lincolnshire, Northamptonshire, Devon, and Yorkshire.One challe...

Read More


Blogs related:

ASSET MANAGEMENT
UK Govt Net Zero Plan Showing Results - Heat Pump Grant Applications Surge by 75 percent

Read

ASSET MANAGEMENT
Insurance Brokers and Freeholders to Face Action over Unfair Commissions

Read

ASSET MANAGEMENT
EFG, set up by a group of farmers, is helping developers unlock house-building

Read

Meet our Expert Property Commentators

Mary-Anne Bowring FTPI FRICS FARLA FCABE Founder/Head of Asset Management

Strategic partnerships, holistic delivery/ opportunities, growth, value engineering, thought leadership

Ian Barber MD BTR Mobilisation & Leasing

Runs HQ & site lease-up teams. Drives rent pricing, mobilisation, marketing, happy residents!

Jon Curtis MRICS Head of Building Engineering

Chartered Building Surveyor. Lectures on EWS1 & building safety. Runs CapEx programmes.

Kate Robinson MTPI MD Blocks/FM Management (London Region)

Master plan setup, ops and staffing and resident engagement. ISO45001 champion.

Lee Harle Partner Ringley Law

Plot conveyancing. Debt litigation. Group Company Secretary.

Anthony Kingdon MIRPM AssocRICS MD Blocks/FM Management (North Region)

Stakeholder engagement. Mixed tenure specialist. Budget management. Plant audit, PPM compliance.

Chris Georgalis MRICS Head of Commercial Valuation

Chartered Valuer. Rental valuations: retail, leisure. IRR modelling and valuations for secured lending. Compulsory purchase & rent reviews

Nichola Pughe MRICS Head of Residential Valuation

Chartered Valuer. Rental development & mixed use valuations, IRR modelling. Leasehold enfranchisement specialist

Natalie Birmingham Helpdesk Support Manager

Trainer & Helpdesk Manager: people, systems,contractors. ISO45001 supply chain accreditation.

Steve Norman Planning Director

Land due diligence (opportunities & constraints) Has contributed to a number of award winning schemes.