The home of Ormsby (Freehold) Ltd  

One of the most important functions of the company is to ensure that the fabric of the building and the estate is maintained in good condition. In order to keep the level of the service charge as static as possible great care is taken in the planning of major works. The timing of some elements, such as internal and external redecorating, is mandated by the lease. Other elements, such as recovering of the flat roofs of the garages, tend to occur at regular intervals.

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Generally other works projects can be planned a number of years ahead and fitted into the overall programme at convenient and affordable points thus avoiding peaks and troughs in the level of the service charge or, even worse, unplanned supplementary charges.

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Ormsby is now over 60 years old and inevitably general maintenance costs assume an increasing proportion of the overall budget. The directors are committed to always seeking value for money while maintaining the estate in the best condition possible. This process is helped considerably by the fact that the estate is self-managed by the board and this can continue for as long as willing and able volunteers are available.

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The service charge for 2026/27 is £1900 where is has been for the past 3 years. The charge will be increased to £2000 for 2027/28 and to £2100 for 2028/29. Thereafter a £100 increase is likely to be necessary every other year, but this will be kept under review. Over the 10 year cycle from 2023 to 2033 this would represent an averaged annual increase of less that 2.5%.