Summary of Charges
| Well-being Package & Service Charge (mandatory) |
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All residents living at Adlington House, Rhos-on-Sea contribute to a Service and Well-being Charge. The high level of care, support and services on offer to enhance quality and enjoyment of life are what make Adlington different. These charges are to provide these services:-
- a specialist member of staff on hand to support you 24 hours of every day
- a range of daily activities
- help in case of emergencies
- safety and security for total peace of mind
- buildings insurance
- upkeep, heating, lighting and cleaning of all communal areas
- upkeep of all communal items and facilities such as carpets, curtains, furnishings and décor
- external areas such as windows, lighting, road and parking, grounds and garden maintenance
- security with a door entry system and video telephone link
- emergency call system
Approximate Service Charges are as follows-
- £38 per week – 1 bedroom
- £41 per week – 2 bedroom
- £43 per week – 3 bedroom
Well-being Charges are as follows-
- £40 per week – single occupancy
- £60 per week – double occupancy
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| Bespoke Care Charges (if required) |
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Additional care packages can be designed to suit your individual requirements to supplement the Well-being Package. All care packages are drawn up in consultation with you, based upon a careful assessment of your needs and regularly reviewed. Short term illness and recuperation packages can be individually tailored where required. Costs are based on the level of need per person as follows:
- £15.45 per hour (2010 - 2011)
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| Individual Responsibilities |
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As you would expect in your own home other household expenditures will remain as the occupier's responsibility. These typically include;
- Council Tax
- Heating – which will be metered per apartment
- Electricity – which will be metered per apartment
- Contents Insurance
- TV Licence (where applicable)
- Telephone line rental (where applicable)
- Water – which is charged at approximately £3 per week per apartment. This figure is a budgetary figure which is reconciled annually on reading each individual water meter and identifying the actual use.
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| Deferred Charges |
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To keep both the purchase price and the regular outgoings as low as possible, there are two deferred charges which are only incurred when your apartment is resold:-
| A. Communal Facilities Fee |
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Adlington developments provide extensive communal facilities such as a Bistro, lounges, exercise room, offices, library, IT suite, hairdressing salon and specialist assisted bathroom. It is these facilities, along with the 24 hour Care Team that make your apartment into a home likely to be suitable for your whole life without the need to move to a Care Home. This is a major benefit to your well being, peace of mind, independence and, if it avoids Care Home fees, it also has considerable financial advantages.
In order to recoup the cost of providing these facilities we offer two alternative methods of covering these costs:-
1. A deferred charge of 1 ¼ % of the market value of your apartment for each year (or part year), capped at 10 years, of occupation payable only when you sell your apartment on.
OR:-
2. An up front one off payment of 20% of the purchase price at the time of purchase.
We believe that most of our customers will prefer to conserve capital and choose the deferred 1 ¼ % option rather than pay an extra 20% of the purchase price to remove the Communal Facilities Fees forever. However the choice is entirely yours once you have taken legal advice and given it due consideration as to which suits your personal circumstances better.
The value to Adlington of your choosing either Option 1 or Option 2 is very similar as a long term income stream could be sold as an investment for approximately 16 times the annual income. I.E 16 x 1.25% = 20%.
One advantage of deferring this charge until your home is resold may be that if it was being sold as part of your estate and liable to Inheritance Tax then this fee has the effect of reducing your beneficiaries tax bill as in effect (under current Inheritance Tax rules) the Chancellor is paying a considerable part of this deferred Communal Facilities Fee.
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| B. Contingency Fund |
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(otherwise known as a "sinking fund")
While the day-to-day maintenance of the buildings and facilities is covered by the Service Charge, which is kept as low as possible to leave residents with maximum disposable income, major capital costs and refurbishment are not included in the Service Charge.
It is important that maintenance is kept to the highest standards for all to enjoy, and to cover any major works, a fee of ¼ % of your sale price for each year of occupation will be levied when you sell your apartment on.
This Contingency Fund will build up over time so that money is available to pay for major repairs and replacements as they occur e.g. replacement lifts, Bistro kitchen equipment, the building's roof and car park etc.
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