https://somersetdaily.co.uk/tags/sinkingfund/Recent content in sinkingfund on Somerset DailyHugo -- gohugo.ioen-usWed, 15 Apr 2026 05:00:00 +0000https://somersetdaily.co.uk/flat-owners-face-overnight-service-charge-spike-from-7-to-270-in-weston-super-mare/Wed, 15 Apr 2026 05:00:00 +0000https://somersetdaily.co.uk/flat-owners-face-overnight-service-charge-spike-from-7-to-270-in-weston-super-mare/Flat owners in Weston-super-Mare are challenging their housing association in a tribunal after their service charges surged unexpectedly from £7 to £270 overnight. Residents of Combe Lodge, a Victorian villa converted into flats in 2016, had been paying just £6.67 per month into a sinking fund for building repairs. Now, that monthly contribution has rocketed to £273.01, causing financial distress among leaseholders. Combe Lodge is owned by housing association Curo, which issued an apology for the “shock” increase but maintained that repair and upgrade costs are an inherent part of homeownership.https://somersetdaily.co.uk/flat-owners-face-sudden-service-charge-surge-from-7-to-270-overnight/Wed, 15 Apr 2026 05:00:00 +0000https://somersetdaily.co.uk/flat-owners-face-sudden-service-charge-surge-from-7-to-270-overnight/Residents of Combe Lodge, a Victorian villa converted into flats in Weston-super-Mare, have been hit with a staggering increase in their monthly service charges—from just £7 to £270 overnight. Those living in leasehold and shared ownership properties had been paying a modest £6.67 monthly contribution toward a repair fund, which has now abruptly soared to £273.01. The housing association Curo, which owns the building, has apologised for the “shock” caused but maintained that repair and upgrade costs are an inevitable part of homeownership.