Costs & Charges

How much does it cost to live at Platinum Skies?

 

All services, support and activities laid on for Platinum Skies homeowners are provided on a not-for-profit basis so you are guaranteed great value with the lowest service charges.  This is all part of our goal to make a happier and healthier retirement more affordable for all.

Any support or care that might be needed now, or in the future, is delivered on a pay-as-you-go basis, so you only pay for what you need, when you need it.  At Platinum Skies you really do get the best deal.

Along with the lowest costs, we have some clever ways to make your money go further.

Estimated total Service Charge per week

Service Charges are paid annually, for guidance, the average costs per week are shown below.  Full costs for any of our homes are available, please just ask.

Service charges Platinum skies

Service Charges – What is included?

At Platinum Skies you get to enjoy all of the facilities and grounds without having to worry about their upkeep now or in the future.  Your service charge will keep the roof watertight, the gardens free from weeds, the lifts running smoothly and all of the communal areas in tip-top condition as well as making sure that there are sufficient funds available for the future.

Your Service Charge also covers the support you receive from your Lifestyle Manager on site and the 24 hour telephone support team.  And remember the services are delivered on a not-for-profit-basis so your service charge is solely going towards the provision of services and facilities for your community.

8% of your service charge

Buildings, public liability and contents insurance in communal areas

5% of your service charges

Heating, electricity, water and waste charges for all of the communal areas

8% of your service charge

Includes maintaining the property and the upkeep of the gardens and car park areas

11% of your service charge

Keeping the communal areas in good decorative order, regularly cleaned and with all equipment serviced and maintained in working order

14% of your service charge

Set aside on an annual basis to ensure that there is sufficient funds for future repairs to the buildings and grounds

12% of your service charge

Covers the costs of managing all aspects of the property and grounds and providing 24 hour telephone cover

20% of your service charge

Dedicated Lifestyle Manager and support staff that provide activities, services, safety and the helping hand that our homeowners need on a daily basis

15%
Covers the cost of management, administration, and governance of the freehold of the properties

7% of your service charge

Maintaining a safe and secure property for all of our homeowners to enjoy with CCTV coverage and security arrangement as required

Service charges do not include individual homes utilities and services such as Electricity usage, Council Tax, Broadband and Phone, TV Licence, TV services and individual buildings and contents insurance.

How renting works

 With a Platinum Skies property, you purchase a share – typically 50% of the property – then pay a low rent on the remaining share.

The rental charges and fees are regulated by Homes England, the government provider of shared ownership schemes.